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
It was just at $4.30 in June and has fallen over 65% since. The company has outlined a very good growth story and integration with Appia that will produce over $130 million in yearly revenues and positive EBITDA year 1 yet stock has been destroyed. I am not sure if Appia shareholders are selling their stock now that they have liquid currency or if shorts are just firing away while management does nothing. Any thoughts on the selling??
And between $33 and $28 for over a year and he downgrades it after it falls to $20 that is a pathetic no value added idiot. He should be fired for being a reporter not an analyst.
Shorts attacking NAV will soon feel pain
Business has never been stronger and they are cutting costs out of the combined company while they add some large new customers. There is a huge disconnect between the stock price and fundamentals. The stock has been cut in half since its earnings which makes no sense as the company had good numbers and is just starting the integration process. The stock is easily a double. I don't think it's the Appia shareholders selling being that they received the equivalent of $4 a share for their stock. Some short selling in the name but some weird trading last few days. The new Deals as they come on stream will take revenues to well over the $130 million estimated.