Mounsors29
Oct 23, 8:15 AM
$HOVR Reading people use the dreaded "reverse split" term on here, and I couldn't disagree more.
The CFO has previously shown excellent and patient share management. For example, he diluted at ~
$2.25; he didn't RS when the price was previosuly below
$1. A RS would not be consisent with the strategy they have showcased to date.
The share price is down because the broader macro looks uncertain and the effects are growing to be more costly. This harms pre-revs more because pre-revs cannot raise their prices to match the rise in costs; there aren't any sales.
So yes, the share price will reflect this rise in costs and likely drift further down at least for another 6 months.
HOVR have
$50,000,000 on the hip and almost no debt. There are ~70,000,000 shares in circulation. When you include all the intellectual property, the initial sunken cost of starting up, the patents, LOIs etc, I find it hard to justify a share price below
$1.
I have 1000 shares to my name, and will be buying 4000 more.
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