RE: Will start to rise next week15 Oct 2021 12:17
Amran's price predictions are not based on anything. He just throws them out there, plucked from thin air. You will notice that, over time, the new price he suggests gradually gets lower when it is obvious it is going nowhere near what he previously stated. Some of it is tongue in cheek, but I suspect that some of it is because he needs it to get to those levels to break even. Hoping it will get there if enough people say it will. Probably bought in on the stupid hype at the IPO when it was over 40p. Some people seem to forget that the price when first launched was a freak situation and not in any way a true indication of what this company is currently worth. It was always going to drop back. Sadly, some investors got caught up in the hype and either bailed out at a big loss, or are hanging in there and hoping.
This is a long term play and, as some realistic investors have said, it will be a slow and gradual rise if they can attract enough repeat customers. There will be some brief spikes no doubt as the hype temporarily kicks in again though.