I think a big reason it doesn’t move is that the business is not exciting. It’s not in bitcoin or marijuana or some trendy industry that attracts the kind of trader looking for some cutting edge play. And the low volume fails to attract day traders who will trade anything where they can ride volume. And it fails to attract longer term investors because of the low price (which makes no sense, but that’s how it always works). So it’s kind of stuck in this spot where each kind of trader investor isn’t paying attention.
But if you’re a long term investor, you should be happy no one is paying attention. If you look at what Wilson has accomplished this far, and you believe he can continue to deliver, that buy not with the intention of the stock going to .30 or .60, but with the idea that this is a NYSE leadership team and that means $5 at a minimum.
What I got out of the financials is this. Management has turned QCA around to net profitability in the coming months. Ok so it didn’t happen by close of Q4. Who cares.
VW is near or at net profitability. I don’t recall that being fully disclosed, but barring future theft events, it sounds like we’re almost there.
So that’s 2 asset producing subs shortly.
ALTIA I’m not clear on if it’s net profitable yet, but that is still an all gravy potential growth story. When I first heard of a pulsing taillight, I never saw one on the road. Now is see 1 or 2 a week (and I smile each time). No idea if they are ALTIA or a competitor, but the technology is starting to become accepted. However 1 or 2 a week means this tech is still in its infancy. If that becomes the industry standard, the 1 or 2% of the market Wilson says he can get should be a snap.
Then there’s the spectrumEBOS thing, which sounds like a solution small to medium size business could use. Let’s see if Team Wilson can make it work. That’s super gravy if they can make a commercially viable product.
Then there’s APF. Not sure what to say about that one since it’s new, but if they can integrate it into the Alpine structure like the rest, which I’m sure is the plan, then I’m sure we’ll be saying great things in the future.
And yes, the walk away from LTTC shows prudence and not desperation on the part of management.
So yeah, but now if you believe in this company for the long term. I can’t say when the stock will move, but when it does, it will move quickly (as we’ve seen before with the low float) and you’ll be paying triple the prices for no reason other than chasing traders who were faster than you.
