How many times has IFON been in this position over the past years....this sure ain't the first. Each time the stock has come back over the buck threshold strongly and for long enough to regain compliance. The present balance sheet justifies IFON trading over a dollar, easily, right now as the equity per share is comprised of mostly working capital and stands at well over a dollar per share. I'll put my bet on the earnings to come through before delistment occurs and push us up on strong volume once again as has happened several times in the past. IMO, Hopeful
Good luck. To all longs. Sounds good. Relying, depending on it, repettive history. And the history of most stocks in this situation. Most find a way to boost over a dollar. UQM & IFON to ($1:50). That's good money if you hold 15k shrs & you just hold. But if you double down here, that's a lot of money.
I think we are about to make a killing here. Also wanted to know if your in wirx again.. I hold over 200k there andf have been trading in and out on another 20k. I think it could be a monster. thoughts?