There is a large fund that changed managers that has been selling every day for last two weeks. When they are done the stock will go back to $4
its an endorsement for Apps install business that they are the biggest in the world at and speaks to how big appia can become.....
Yes you pay up for growth..but 100x earnings for a 20% grower for the next five years is just dumb....It is a short squeeze stock with a bunch of idiot longs who no nothing about valuating stocks
you have no concept of their business....apps is gaining traction from every large telco and their app business is on fire...shorts will fry after this large seller is done
It is a momentum stock with a large short base because of the stupidly high valuation. It is selling at over 80x 2016 earnings ...that is moronic
It will take 20 years to grow into anything close to NKE from a revenue/earnings standpoint. The stock price is just plain dumb.
First of all his name is Sillerman not Silverman...if you dont know even the CEO and largest shareholders correct name you probably should not be discusing
First of all the stock is half of where it was when the deal was announced. The Appia shareholders 19 million shares are only worth around $50 million valuation vs. the $100 million they believed the company was worth. Secondly the majority are not planning on selling at this low of a plan..and yes I talked with a number of the larger ones.
What a joke....secondaries got crushed by this scam stock
There is no support for this stock. Management needs to do better job..stock price is their life line....
Bizzare...stock should be $4 to $6 at least
A new company like this should never have executives selling stock at low prices while they are raising money. It is a sign of lack of belief.
Great company cheap stock relative to most...but just plain stupid momentum investing and manipulation in this mkt...scary for future