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Thursday, November 12, 2020 1:05:46 PM
They are selling covid-19 plexi-shields and intercom systems. There isn't going to be much money in that. Also, getting contracts from school districts isn't easy and you're seeing edu-tech taking a beating. First, K-12 stocks start to dive when schools started to move away from them(as well as some negative press about side deals w/ school board members). Boxlight should've been doing really well especially with their collaboration w/ Samsung, but it's been taking a dive for over a month. This even w/ serious top level execs coming into the company from Apple & other big companies, as well as expanding operations. Boxlight still takes a dive. HMHC has been really volatile. Seems investors loved it when they laid off a quarter of their employees to focus on online edu-tech, but the stock has been declining again because of the potential sale of part of their DTC division.
If Boxlight is struggling, that should tell you where GAXY is.
Also, for a company that keeps self-proclaiming themselves to be an edu-tech company, they're going to have to do more than a couple of thousand dollars on sales of plastic shields.
Sometimes you got to look at the company, market, and competitors to gauge where you see the company's play is. I think people got fixated on the "0.06" price fixing and completely ignored the big picture of GAXY's reality.
Remember: Gary LeCroy/GAXY told investors in 2018 that they were set to make 20-22Mi profit in 2019 and expand across the US. That didn't happen, so that should also tell you about the transparency and honesty of the company.
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