Innovative Payment Solutions Inc (IPSI)

[Renegades17]

Absurdly cheap now

I know management has made mistakes on a variety of fronts, particularly its approach to IR, but the current valuation is absurd. The enterprise value (ie. market cap if you subtract out the net debt) is essentially ZERO. That is ridiculous. Moreover, there were institutions effectively buying shares between $0.15-$0.24 earlier in the year. The digital payments market continues to grow rapidly and the company has laid the foundation to participate in that growth. If this company were private, VCs would value easily north of $100mm.

I bought more today. The true value will get recognized at some point and that's at least a 10x return from here.