Simply Inc. (SIMPQ)

[jamesnames]

You re missing the big picture. It is all about where the price of the shares will be in the future. This company has very little chance of going to zero, unlike thousands of other companies out there selling for multiples of the market cap. Show me a company out there right now with a market cap of 6 million that you would rather buy. Good luck with that.

Back in 2014 when the shares were at 4.50, if I told you that the shares would be 45 cents in 2017, what would you imagine the company would look like at that time? You would imagine a scenario much worse than this. Heck, you saw what happened two weeks ago....the shares doubled in under three hours. Now, just imagine a little movement in the right direction and you will of course see that and more.

Many people still do not understand the delisting issue. It won't happen, but even if it does, it does not matter at all. Same thing with the reverse split. The price can only go so low. Its not like you will be able to buy shares at 20 cents.

So, we are right where we want to be. Like I said.....if you are looking for a 6 million dollar market cap company to buy, it isn't going to look like Exxon or Apple. You would want reasonable assurances that the company wasn't in imminent danger of going under, and you would also want to have a good faith belief that the price could move multiples higher in short order. Check....check.

Take a look at a company that is selling for a 60 million market cap. That is 10 times IFON's market cap. Do you believe it is worth 1,000 percent more than IFON? I don't. Expect IFON to be given more time to get to over $1 per share. If that coincides with a higher share price at the time of the announcement, and also coincides with a new product launch, then $1 will be a distant memory.

It could also be that the company is being sold and they are dumbing things down until the sale. The company has never diluted the shareholders, and never been delisted. Same company, but the good news is that it is selling for 10 percent of what it was three years ago. The company was not worth 10 times more back then. It is highly likely that the company is worth a few multiples of what it is selling for now, even with no news. Other companies may want to partner up with IFON, or even buy the company. If not, things are not dire at all.

Forget everything you know. Just from scratch. Imagine that are about to buy shares in a company with a 6 million market cap. I am telling you that you can sleep at night owning IFON, and that you will not be able to find another 6 million market cap with less chance at going to zero, and more chance of going multiples higher quickly.

Here is a company selling for 10 times IFON. It is worth maybe two or three times IFON, if that.

http://www.prnewswire.com/news-releases/relm-wireless-reports-first-quarter-2017-results-300454398.html