Sep. 11 at 6:36 PM
$CXAI Unfortunate to see CXAI collapse this far post split but I am surprised there hasnt been any dilution yet. Surely would have expected some while the price was high - even if their intent wasnt mass dilution.
It could still happen, but its promising weve seen nothing yet. Im guessing itll remain quiet until a month or so before earnings. Company is trading almost half of the cash value on hand and the Revenue run rate was expected to be 12M by EoY.
If they can keep the crash runaway tight and avoid diluting as much as possible, I dont see why it would remain this low for an extended period.
Still sitting out for now, expecting it to drop to mid to low 2s, but its currently seriously undervalued. Float is tiny and could move fast if the right news hits. Volume has been abysmally low.
If youve held post split - keep holding and watch SEC filings closely. No sense to sell this far down unless they tap into avondale for funding. Expecting a powerful earnings rebound.
