Long term triple bottom on the chart with two corresponding mountain peaks
cash of 3.50 cents per share..no debt.....
projected double digit growth for next year per management guidance
monetizing new product app an unknown but has competitive advantage with texting through carriers
International markets, better distribution channels and better retain rates low hanging fruit
short interest up to 5.3M
Earnings projected to be over 2.50+ cents a share next year..2 dollars a share this year
Company can be purchased for 140M in debt with existing cash making EBITDA of 65M plus in 2014? Obviously management would not let it go for that but it shows the upside down situation here..
Not quite sure what the hard on is for this stock except for its easy manipulation, but any type of company event going forward should send the stock flying...we are recommending all our associates to take a look at this going forward....15 is highly likely without any event..20+ with a major company announcement that provides new shareholder confidence on lack of available shares to purchase and cover with as well..
Market cap has potential to climb to 1B if app monetization is successful with high gross margins
this is truly fascinating...short interest continues to go up as the only way to maintain this extreme "under market price". Being someone who plays both sides of the fence (long CALL), the best course of action for shorts would be to slowly cover (say 50 to 100k shares per day) up to 20-22 dollars per share or so, before some sort of material event occurs that could be very painful short term, as opposed to locking in long term gains from previous lofty levels, which at this stage cannot occur. There are few shares to purchase in the open market as it stands...... so if all of sudden there are buyers for these shares from a material company announcement, you will have few shares to purchase and even fewer shares to cover..very unique situation here..I love it.
It appears that the option interest is not strong enough to keep this down, given the volume. There seems to be real institutional money investing in this company at the moment...Obviously something is going on within the company...Given the massive short interest, if it breaks through 14.23, there is really nothing holding it back till 17.50 this week...after that, there is nothing holding it back at all, and expect it has a good chance of reaching its two previous mountain peaks in short order...
"so if all of sudden there are buyers for these shares from a material company announcement"
What about "all of a sudden" the insiders od Adams St Partners (those idiots) or AQR (still can't believe their computers made a mistake) start selling some of their shares, before a price increase occurs?
"this is truly fascinating"
If it's too good to be true, it probably is.
I noted earlier about the current purchase price. Maybe someone can comment on a hostile takeover situation for purchasing this company around $140M or less on the open stock market? It's happened before. I think management is not focused. It could happen. Maybe this is the real reason why they announced a stock buyback plan to counter a takeover threat? All one needs to do is buy the 51% of stock to force a sale. And if indeed all the above is true, and major profits and expansion for 2014 is about to happen, this is ripe for the picking. I can't believe so many people are blind to this.
Why would it have to be hostile... A "Name" could build a position and it would create upward price pressure. The yield you are getting from short people is realy good with this but you have some risk from the government.
But even if all shares were available, why would ANYONE want to lever up and buy this junk, when they can start their on dongle and app making business in under 10M, within one year?