FRMI Lost almost all of the gains from the deal. This shows us that the market definitely doesn't trust the company to execute on this contract either, and lose the second contract in a row.
No stock of a company that wins a deal in this sector should look like this. New CEO or not, the company is the same, that couldn't execute on the first deal, and the market is telling us that think's it won't execute this time either.
I'm not holding a position in FRMI, and I'm not shorting it either. I do own sizeable positions in the datacenter sector with my portfolio being all in in this space, and about 10% in Drones.
Why I'm posting this ? Because a lot of members from this community came to one of my communities which is r/KEEL_ and started posting a lot of pump articles about this stock, but clearly all of them missing to point the actual status of the company.
The graph is the reality of the market perception of a certain company.
Be careful with this one. The risks are higher than the reward with FRMI, and thinking wisely this investment is a virtue. The main risk is see is blocking your capital for at least a year with high chances of no return or even possible negative %, and miss out the real opportunities in this sector which can actually execute their contracts, or executed well in the Bitcoin mining area, such as KEEL.
I'm not promoting KEEL because everyone knows about it considering how popular it is, I'm just pointing out that you might lock up your money for long and for not much, an apple or two the best. NBIS for example is definitely the winner of the sector, you can never go wrong with that one if you hold long.