I have a hard time attributing the decline in share price from feb highs to something the company did or didn't do. In fact, I don't know how they could have done different.
There are hundreds of tickers that experienced the same decline... many companies as game-changing as CYIO / Helio.
I suspect the massive surge of retail investors that we had in Feb shifted focus to the next hot sector (remember, us youngin's have the attention span of a ... oooh look! Birdie!). This is what they do... they're in and out. They moved on to crypto.
The lack of attention in OTC gave the market makers the chance to do what they do with relatively few shares... put up enough shares on ask to discourage upward price movement, and dump just enough of their shares to one another to drive the price consistently downward.
Now - while the entire OTC took a giant nap, CYIO/Helio have been steadily executing on the plan. They got current on filings, restructured some debt, built up some cash in a much better way than previously done - inked the acquisition, and started bringing in the team to put the new assets to work.
O'Shea has been clear about what he wants to happen... they want to be a leading crypto credit hub... they've used terms like 'Crypto Bank'. I like to think of it like Lending Tree... Started out as leadgen and wound up being a massive Lender/Bank themselves.
Now CYIO/Helio have personal and real estate loan products and they're nurturing partnerships that will create a big influx of leads that will drive loan volume. They're courting new tech products for crypto payments that will give them a beach head into thousands and tens of thousands of retail establishments. They're anticipating the rise of property NFT's as collateral for loans and they're creating loan products for that.
And look... I love the 24 hr sanitizer... I bought some for my kids... but let's be real. They reported income of just shy of $9k and expenses of almost $12k in 1Q when sanitizer was the only thing on the menu. I don't think they give a flock of seagulls about dr's choice - or perhaps whoever is in charge of that part of the company just dropped the ball... but frankly I'd rather they spend their energy on building the banking/lending side of the biz.
Real estate lending market in the US alone is 429 billion. Younger people are hungry for a credit market that isn't run by the suits & politicians that have been fleecing their parents and grandparents for decades.
When I look for 'what could be' I see a multi-trillion dollar crypto credit market taking shape with Helio the first to charge bravely into the Real Estate niche. I think a lot of current shareholders see it and realize how big the potential really is.
I'm also very patient. I haven't ever expected this all to happen in 3 months or even a year... so my personal tolerance, objectives and plan have me feeling very very bullish. While the share price is low I'm happy to continue accumulating because I really like the stock.
