InvestorsHub Logo
Followers 13
Posts 349
Boards Moderated 0
Alias Born 02/03/2011

Re: jpike post# 4778

Friday, 02/18/2022 4:29:36 PM

Friday, February 18, 2022 4:29:36 PM

Post# of 5548
I was on the bid only got a small chunk, have to use limit orders for stocks like this with a big spread. I'll take a very small position and watch for "entertainment" purposes (maybe will increase depending on research/how the company performs).

The price per share does not matter, its more about relative valuation metrics. At current price its trading at a 24x P/E though that's on the back of only one good quarter, so people might pay more for growth if they start to prove themselves and you might get some investors that just want in to have the NFT/Cryto side + momentum penny traders.

I'll give you its interesting, I rarely invest in something this small, plus the entertainment industry can be tough and is not my forte - though hopefully they can start ramping up the recurring revenue sources via subscription/digital to help their case (investors typically find that more attractive rather than lumpy/volatile earnings), the last that was this small that I invested in was TPNL at 0.20 6-7 years ago.