If the 10k had not come out the stock would of gotten cut in half. But its not good news that they now have what all other publicly traded companies have. The stock went from 38 to $74 without having a 10k out. Obvisouly it doesn't matter.
The long term business model of selling grossly overpriced product by distributors who are making a poor decision to waste their time trying to push the stuff may face major problems in the future.
Why did underwriters determine that $13 was a fair IPO price. More importantly why did insiders and the company agree to sell 7 million shares for net proceeds after underwriting fee that equaled only 11.75/share.
Sales went up 77% from close to nothing to reach close to nothing. VJET is worth about $20/share IMHO. It is hard to guess when if ever they will ever make $1/share in a given year. Put a 20 multiple (above average) on that $1/share for which there aren't even any projections of them ever making. Seeing how they virtually have no customers or business as it is, $20 seems generous.
Also compare VJET to XONE. XONE already has more than double the sales of VJET but trades at a lower market cap.
Revenue as expected, almost none. No guidance for increased backlog. The conference call was a joke. no information given at all. They just read off of the press release. These guys are laughing all the way to the bank. Except they just sold at 11.75 last month in the IPO. Those guys are hating it. But i'm sure those that didn't sell in the IPO will be figuring out a way to sell over the weekend to lock in this profit.
These guys are barely even a company. They sold three printers! Three. 5 million revenue is virtually nothing. They just sold 1/3 of the company for net proceeds of 11.75. Who in their right mind would buy now. Amazing.
What a scam.
SOHU search engine is right behind Qihu. plus sohu has $1.3 billion net cash half the market cap. if Qihu is $10 billion, SOHU should be at least $6 billion. Which would be more than double current share price?
they had $5 million euro backlock. Virtually no revenue. They sold 35%+ of the company for net proceeds in the $11.75 range after underwriter fees. I guess they were pretty dumb to do that? That stock isn't worth $25 let alone $40. DDD on the other hand is probably only 20% overvalued.
Maybe intermediate term there will be a spot where they can generate some profits. Maybe they will earn a few bucks a share during the sweet spot. But long term there will likely be little profits. So real value for the company is probably under $20 share. Because they will be lucky to ever earn that much over the next 20 years IMHO.
the VJET IPO was really around 11.60 after underwriters fees not the $13. Do you really think anyone is about to take them over for $40? Lol.
Last quarter earnings were a lot better and stock fell to $255.
THey barely beat this time and the stock is 35% higher and goes up another 9%. That is dumb. Good chance to sell.
This company is equivalent to the door to door salesman that comes by to try to talk you into getting a solar water heater or a salt water system for your pool. There is no brand here whatsoever. $4.5 billion after dilution for no brand, no proven earnings, no tangible book value. Also they have no technology. There is a reason this company IPO'd at $8/share.
$4 billion for this? Correct me if i'm wrong. What is proprietary here. If there is really money to be made hiring door to door sales man to talk people into putting up solar panels, others will do it. Maybe I'm missing something. There is no technological edge here. Its just a edge in financial projections and using discount rates that look favorable that may or may not be accurate on future residual interests.
I started hearing about the offering in the low $30's and now its near $50.
The stock can go up a lot percentage wise even if silver doesn't do much. This is a bargain basement price and even if silver falls to $17 I don't know that the stock should have to fall any.