Sonasoft Corp (SSFT)

[rbirdy]

Sad part is according to Level 2, seller didn't even sell yet. They still have 734,443 shares they are trying to let go at 0.083.

Management should be fired because they aren't doing enough PR to help drive traffic to their website which would in turn help drive sales. Additionally, with interest rates so low they would be better off either taking out a loan or going to a VC for private funding (making them private) instead of massive share dilution. Then.. once their new product has traction, take them public again and trade at insane multiples like every other IPO lately.

Good leadership would be posting all over social media about their company, ramping up ads, etc if they were confident in the product. At least be more transparent about their business and why their share price is down. They could even come out and say "we strongly believe the market is undervaluing our place in the market and over the next X amount of time our shareholders will hopefully start to see drastic increases in revenue growth"

^ this is how good C-level teams perform. This team has been ghosts.

I know Sonasoft has solid long term potential based on customer feedback and ROI they are seeing but management has a fiduciary responsibility to it's shareholders and they aren't living up to it.