How low it goes is hard to predict. Today showed there is so little retail interest as the MMs let it be to see if anyone wanted to buy the "bargain" prices. Such low volume so they waited until the last hour to dump shares today. It is unknown if they work to drive it up tomorrow on higher volume to get new skin in the game who think things like 0 025 was a great price. The MMs have their lures out to catch more fish like that, but a 150k buy doesn't really get the job done, right?
From a market cap perspective, it really shouldn't go much below $6 million. The May 2020 consolidation of the three US offices was for a total purchase price of $8 million. That seems to be the settling point after 2 years on the public market. They simply can't turn a healthy profit. $1.5m is pathetic. There's no IP, no innovation, no tech, no assets. Just a middleman business with razor thin margins. If they lose that HP account, it will hurt.
Anyone can review the exorbitant increase in both air and ship cargo space rates since the pandemic in 2020. The "billion in revenues" are 100% directly correlated to those higher shipping rates. When it used to cost $1,000 for a container, but now costs $10,000 for the same space, then $100m in revenues magically become $1b in revenues. This is not rocket science. The margins and profits are still as pathetic as they've always been. So, when the shipping rates drop back down over time, the revenues will drop right with the rates. It truly is a basic cause/effect analysis and opposing voices will just lob insults instead of making any factual counterpoint.
UNQL has not announced any new customers, carrier expansion, or increased capacity since last summer. Nothing was announced during the busy holiday shipping season. Maybe the public company and their new PR firm are keeping all the new, expanded business secret. That's sarcasm. Maybe they aren't actually expanding the business at all. That's likely more true. How can anyone reasonably argue there has been expansion with new customers, routes, carriers, cargo space when there is no actual word from the company?
The next fluff PR on any of these business issues could come any day to cause a little pop. But, so could that raise to the OS with another huge conversion. My crystal ball is cloudy.
