Author pitches SOAR as a bottomed-out $0.60 play with an upcoming merger catalyst, a paused ATM program, chart gaps to fill, and roughly 20 months of cash runway.
Unpriced research observations (excluded from Calls and Returns):
SOAR — LONG The author argues SOAR has bottomed around $0.60 and could be the next EVTV, citing an upcoming merger catalyst and management's recent pause of its ATM offering program as signs they want the price back over $1. The daily chart shows multiple gaps to fill and newly developed support near $0.60. The company has about 20 months of cash left based on quarterly cash burn of -$0.81M and estimated current cash of $5.4M. No specific risk is stated. resolved_asset_type_mismatch
$SOAR has an upcoming merger catalyst and recently paused their ATM offering program so it looks like management really wants this back over $1.