Maybe Management doesn't care about SP. Maybe they are sick of being a public company and they along with some others are keeping price down in hopes that retail sells and they can buy back at a low price. Then they take it private and we all lose. Ever thought of that?
Good post old trader. Receivables are easily financed at 85% if their value for almost any company. So, a profitable company could take future AR payments at 90-92%. They shouldn't be giving away more than 10% in my opinion. As for a refi, I am not sure a traditional bank will fund them just yet. But, certainly a second tier lender would do something in the 6% range which would be a drastic improvement over what they have now. Go back to my post a month or so ago, and you will see where I mentioned toxic financing and how they need to get rid of this. Company is looking really good at this point and hopefully we can get some news on new contracts. Good luck to all.
It is being manipulated or all the people that bought in low 30's are selling and buying some cheaper, more certain stocks that went down yesterday. Either way, with continued positive earnings and new contracts the stock will have to move.
That might have been the last chance to jump on this train before it leaves the 40's for good. I hope we hear great news tomorrow and see Qfor back in that .70-$1 range. Should be another interesting day.
They also need to find a way to get rid of their toxic financing. They are paying way too much in interest. I would assume they will try to find a mid tier lender or possibly traditional bank financing. If they do that it would help tremendously
Pretty strange, but strange day in the market. People were running from bluecchips, so doubt they want to invest in a penny stock. Net income needs to projected as a positive for 2015 and 2016 outlook should be great. If so, I expect stock to run over $1, but no less than .70. Hope I'm right.
Moving in the right direction. People should be really excited and this stock should move considerably with more contracts and better projections. What a relief and glad to be on board.
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One major positive is that Qfor is on a hiring spree. They are looking to add a bunch of jobs. That's not typical of a company in trouble. Exact opposite. Means they are ready to launch. Buckle your seatbelts.