Nice post..I agree on the merits that this company is better situated for revenue growth thus increasing shareholder value.
However,the company came out of a reverse in 2004 and as many companies that do,carry a a high price per share and many settle back,as it did here,but not a problem considering where they are now.
On your #2..No I don't think that the move from Florida and the hurricanes was the reason for share value decline..As stated above this happens out of reverse in many cases and the programs that the company laid out was paid in part through shares for services rendered..These software programers are selling on the market to get back their operating cost..This was explained on formulating their IT software..I believe this to end very soon..As well,The company is primarily an overseas entity,UK and Austrialia and Canada..The move to Florida is their attempt for USA market and their business model required a office in the USA.
On #3..No,these trades are being bought by folks like us..These trades are small and hedgefunds mostly operate offshore will likely rely on the manipulation of naked shorting and because our float and just volume alone being so low, probably isn't that involved..At least not yet..If it is it is on a small scale as just mentioned,but institutions are not interested yet..They may be looking,but the company has to do much in the way of filings and increase share price for these to get onboard.
I agree that we will see pennies in the coming weeks and as long and in my opinion that the O/S stay at these levels, we will be on something big with respect to share price.I think the company has the same intentions.
When a company like this lends money in various lending models and today's PR is the same as the famed "Lending Tree" I'm sure this company will have their books in order and is looking for higher caliber standing..
Thanks again.
Have a good day
Varok
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