Identive Group 20 million “vague customer order claim” What customer (s)?
This vague order claim of 20 million readers, without a specific customer seems a bit unusual? Especially without an official company spokesperson penning their name to it?
What’s up with that?
Stock spikes to measly 1 dollar keeping them out of hot water with their NASDAQ delisting warning a few months back.
Anybody care to comment?
This order is difficult to compare against their previous orders.
While it is $20M over 6 months (or $10M per quarter), they also say that the order volume is 33 percent higher than recent order volumes. That is not going to pull this company out a its financial crisis.
I do not think they are home free from their Delisting problem yet.
Insiders may be buying to prop-up the stock to keep their listing. That does not mean they they will be profitable anytime soon.
It is difficult to value and trust propaganda from executives who desperately want investors to buy in.