Technical / commercial improvements exempted, I don't see a major run here.
I shorted spikes for decent gains because it rose simply too far too fast, and the fundamentals have not been so nice here to say the least. Before new investments they stand at $3M cash, which is low, in my understanding.
In the last halfyear, they burned down $11M or 30%, equity while $6M cash evaporated in half a year, 3.8MM in the last Q.
Showing little improvement, they have to go to the well again and again which means continued dilution to existing shareholders.
Also the chart with frequent pumps is what I may call a "toy box", while the stock is basically flat yoy, and on average. Once, it was 11, then 31, but the median value appears here and a bit below.
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