There really isn’t any other explanation. With a history of losses, nothing pertinent coming from management on how operations are succeeding, and a website that fails to instill excitement (but does look confusing and cluttered), you can safely assume that something is going on behind the scenes to stir up the stock price.
Looks like an early gift from Santa has arrived for those insiders seeking to exploit this stock.
What else can you offer up in explanation for the out-of-the-blue sudden surge yesterday, and then taking profits within 24 hours?
last 30 days of trading shows avg daily volume of approx 10,000 shares and little up and down movement in price.
Now all of a sudden, out of the blue, the volume is approaching 400,000 in one day and the price jumps up 25%. All of this with no announcement from mgmt on anything!!!
Looks like someone is doing some work on the inside. What would motivate any investor(s) to move like this today with the history of this company?
Last time this type of volume or increase in price took place, was the announcement of the Sept 19th “new business” press release and on Sept 19th when the new LiveDeal site was rolled out.
Now there’s no announcement or press release, but we have this sudden surge in the market to want to own shares of this company.
Perhaps the relationship with Constellation is coming into play.
something must be going on to warrant this sudden burst of buying energy. could it be yesterday's post regarding tik tok?
this company appears to be desperate to try and manipulate the stock without a solid base of earnings or demonstrated upside potential.
No news, no earnings report, no press release(s), nothing different with LiveDeal’s website, yet the stock is up by 16%, with 5 times the average daily volume in the first 2 hours of trading.
It couldn’t be a possible effort to pump and dump could it?
LIVE is way overvalued for what it does today. Anyone can start a website or even better, provide a free app like TikTok, and cater to this restaurant "deal" type of market. I think LIVE is holding on by a thread. It's product isn't special enough to make it a worth while investment. It would cost way too much (meaning losses quarter after quarter) to expand outside of their San Diego market. SELL! Move on!
why is the website still confusing? you can't sort by city or type of food or restaurant vs bar. some locations with deals in the same city, show up later with other deals. why no app if vilocity local can do it?
Would you care to re-visit your post and explain why this stock continues to float around the $3 and lower mark? What is this company doing (or has done) to warrant your "buy" position?
There has been no announcements of any successes. There has only been press releases of generic statements making it appear that something of significance is being done or going to take place.
When the year end financials come out (whenever that day presents itself), I'm guessing the situation will continue to look abysmal.
In the course of this year the company has touted its new Velocity Local division, its new LiveDeal website, participation in a hedge fund symposium, partnership with a new PR firm and partnering with a stock promotion company.
And even though the company has tried to show its promise for future growth, the stock continues to languish at $3.
So when are those 100% gains going to start to materialize?
Why do the vast majority of public companies release their year end numbers within 90 days and this company can't seem to do it 2 out of the last 3 years? And now you're saying it's going to go past 90 days again?
What is holding them down?
I have not had any problem contacting the company. You go to their website, click on drop down menu, click on "contact us" 800 number there and also email is info at livedeal I contacted by email had an answer back in less than a day, and direct phone number to someone to ask questions. There is also the investor relations part of the site adam prior I just tried that number went through no problem.