This penny stock has over $70M in cash, minimal debt. with a burn rate of about $800k/ quarter. They have recently raised $50M through two $28M convertible note purchase agreements. The stock is being heavily shorted with an 11% short interest ratio, 82M O/S, 25M FF. The stock needs to break above the neck line with heavy volume backed by some news. The launch of their AR Hololens Pro would be idealistic, a contract with another EV maker in China would be explosive or even signing a prominent game maker would take the stock higher. Fingers crossed! Any penny stock with that much cash on hand warrants a higher multiple. NOT FINANCIAL ADVICE!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.