And closed at the high of the day today too after taking out the seller @ .53 with 60k shares. My hunch is a little bit of consolidation here with .47 likely being the low already, and then it's off to the races and north of $1+.
I think that is possible. I agree .47 is your new bottom, as their wont be more selling pressure than this am unless some nasty adverse event occurs. There will be congestion in the .70-.75 area for a couple of reasons, but I believe the dollar area will be achieved by August.
Except for our wayward bear, the market looks forward and 2q will be roughly break even as sales will move up 30% sequentially and that will provide a roughly 300k incremental margin contribution. Loss will be 0-125k depending on variables. imo
I need to look at cash flow statement and will advise on my next post.