WHatever it is worth. April 3, was 9.4M volume April 4 was 2.5M Volume. today was chicken sht running scared
in part. Tiny companies with thin float blessing and curse. But all said and done the 865K volume was large but not a devastating blow. It seems so, understandably, however, the fact is that cash flow is problematic but the fundamentals of their core business - even though revenues were not there (OH MY GOD, RUN for the F HILLS) this quarter, is stronger than ever. Why? Did we not see volume comparable to April 3 and 4th. Not everybody is a Pavlovian or surface idiot!
They need investor IR/better reporting/transparency. its hard to tell with these guys because they rely on the quarterly. thats why we have such big swings on them because everyone is waiting for THAT day, instead of logical thought process and holding/know what they own. Im in this avg 1.64 with 18k shares lol so im in it to win it and i do forsee it getting back there one day...
I completely agree. There is no logical thought process here with respect to many "investor" reaction, so fundamentals of the business regardless of vision beyond the immediate quarter are immediately rejoiced in or flush down the toilet. Nothing has changed here,except they are much stronger today than last couple quarters and revenues have yet to materialize and they are starved for cash flow (that we know) but just add an additional quarter to that "angst" and panic abandon ship sets in BS. No matter which way you sin the wheel a 3.50 buyout today would be fair value. People need to be able to get a fircken clue phone and do some DD