I-ON Digital Corp (IONI)

[cashbyers]

10-Q 2019Q1 -https://www.sec.gov/Archives/edgar/data/1580490/000114036119009129/form10q.htm

Not the best quarter.. Huge cash burn, which makes since why the preferred share financing was needed. IONI needs to get COGS down.. About the same results as last year Q1. Need a big 2nd half to get retained earnings back up.

However, P/S and P/B metrics still scream undervalued here at $.18 using annual results. Book value of Equity per share looking more like $.175 now


LONG 36k shares at $.156 cost