At least 5 different insiders have bought shares in the open market with their OWN money in the last month. The company lost Charter as a client recently. Therefore, something really good must be in the works. There is no other reason so many insiders would be buying unless there was a conduit for real growth potential.....and if this company grows, it will quadruple your money.
Almost HALF the market cap is in cash and furthermore the company generated positive EBITDA and Cash Flow last quarter. So the downside is somewhat limited. The upside is potentially spectacular.
Verizon has a 200 billion market cap They should just buy SYNC and be done with it. Buying Sync at 5 per share would cost them roughly 100 million in cash---Verizon generates 15 billion in cash a year!
Math is too easy and it would help give VZ a competitve advatage by disconnecting everyone else from SYNC.
SYNC already does the Verizon white labeling website for them.
This company is pure garbage. Balance sheet is EXTREMELY WEAK and getting WEAKER by the minute. This will go to zero. Or dilution will guarantee huge losses from here. Either way, you lose big time in this dog. And Centrury Management has loved this stock and there might be huge redemptions coming in to their firm due to horrendous performance.
Of course, every investment in the world is manipulated. This is the first time their cash balance has gone up and EBITDA was at a record. Makes perfect sense that the stock is getting hammered.