RE: Daily average volume...29 Dec 2021 22:17
Hi coffeecups...
I think you make my point succinctly.
I would argue that both runs up to 41.25 intra day -close at 36p (I have two sales at 41.25p) and 14p were absolutely on hype and had no basis in fact/delivery and hence they were indeed expectation.
My point is that the success of the business ultimately drives the share price and hence 36p fell back to 20p to 12p to 5p to 1.65p over time and 14p fell back quickly to 4p and then 1.65p.
Is 4p or thereabouts a true valuation. With Draper and this board of director's I would argue we will see in the coming twelve months, but my view is we need to see who that AAA signed agreement is with first, and that in itself will give meat to the bones on the agency that has guaranteed $30m over two years.
Jury out for me, but it does look far rosier.
To end December Bids should deliver around $2.7m in revenues and a loss around $6.5m so a way to go yet...