i found frmi on my screener a while back when it was just getting absolutely destroyed while everything “ai” was ripping. kinda stood out to me because it was moving opposite of the whole hype trade
I put in a little at 5$ and wish I did more but i still don’t really get what actually drove the selloff. was it just an overhyped ipo getting re-rated or is there something actually wrong going on like dilution / execution issues / guidance changes etc? i know they need customers but is it that hard?
also curious what people think the chart looks like at this point. feels like it tried to base out a bit but i can’t tell if that’s legit or just a dead cat bounce before another drop
not trying to push anything either way, just trying to understand the story better before i touch it again