Jul. 29 at 11:43 PM
$MLGO Based on how other micro cap Chinese stocks have performed since issuing multiple R/S through the years --
$DXF ,
$UPC ,
$SOS,
$HOLO, etc, and given the companies
$220M+ cash position, it seems another R/S anytime soon is unliekly. That said, dilution is still the clear and present danger. The stocks mentioned above have not made new lows since the last R/S was announed, once they fell 50%~ post R/S date. Performance in many of those stocks have remained confined to a narrow range with price, effectively, going nowhere. It seems more likely than not this is what awaits
$MLGO until it can regain shareholder confidence by landing deals, abandoning their tactiturn approach with shareholders and scaling their tech.
In other words, anyone looking for a mega run like we've seen in the past is looking at the wrong stock. At this point, its a bet that the company will make it or die in its attempt. There is no sense in buying anymore shares if yoir involved.
