Jul. 28 at 2:48 PM
$MITQ just picked some up about .51, looks like that pump to near .70 last week was enough to bring it down. Historically this has been the bottom and every 3-6 months pumps to .70-1.00. That said I’m a bit concerned about increased spending, the last year they’ve averaged 1m cash burn and only 2.3m left. On the bright side, upcoming Q4 and Q1 are typically stronger revenue wise. I’ll continue to add down to .45 before bailing here, but hopefully turns the other way.
