InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,782.76
(
1.23%
)
US TECH 100
20,023.20
(
1.70%
)
Dow Jones
42,221.88
(
1.02%
)
Brent Oil
74.12
(
-1.68%
)
Bitcoin
73,795.04
(
6.46%
)
Post# of 9289
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

RealWorld1

Send PM Follow Ignore
Followers 1
Posts 425
Boards Moderated 0
Alias Born 05/14/2012

RealWorld1

Re: IPO$ post# 329

Wednesday, 11/05/2014 5:27:21 PM

Wednesday, November 05, 2014 5:27:21 PM

Post# of 9289
This is a penny stock based on what we currently know

Why...

No revenues or business prospects to actually attract buyers

Their patents have been out there for a while and nothing has happened. My guess is they tell investors that major tech companies what to buy the patents but the price, while attractive, is too low. This is a nonsense argument. If this company had IP of any value it never would have done a reverse merger, which is a tell in and of itself, and would have been acquired a long time ago.

The company was happy to sell stock at $0.65/share

There is a massive overhang and no liquidity. Once the selling starts there will be no stopping the decline in the share price. The "everyone hitting the revolving door at the same time syndrome".
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up