Wow, response to post from over a year ago..didn't know that was possible.
ILsten, I believe the statement about being overvalued is blatantly wrong and unsupportable. By any accepted market matrix. I have asked for your basis for that statement MULTIPLE TIMES, and you have chosen to remain silent. It is my opinion Noone will take that "statement" seriously withoutsome context or acceptable financial calculation.
Adresing statements about viability or "organic growth"...that's simple. Its there, they have history, expansion and revenues. Companies don't have to reinvent the wheel In order to be successful. There are thousands of companies that have built upon previous models or successful operations. Many companies have grown both both vertically and horizontally without Is hurting the core business. Amazon Apple Microsoft starting essentially out of basements Or garages with crude ideas or products. Ever seen the 1st Apple computer? Anybody back then told you they'd be this big now..... They would have to give them oxygen from laughing so hard.
If going to kiosk type operations are beneficial and profitable then more power to them. Look at that company like Krispy kreme that essentially has noBrick and mortar stores to speak of for retail.... But are a billion dollar company by just Filling up 2 or 3 rack displays in convenience stores. The fact that they got this far with this many conglomerates Is impressive just on the surface if nothing else.
Grade school educated people have built billion dollar empires, And most of these were not geniuses.... Just had a work ethic and drive to make it happen.... Something this management seems to have shown in the past.
So if you have some proof that everything they have or built or done is all fake and there really are no revenues or operations..... Post your evidence here..... Otherwise it's all just unsupported "opinion". Either one waits and sees and has faith.... Or one cuts the cord and moves to another stock.
BTW, Ultimately it doesn't matter who owns how many shares and who is selling and who is buying. It is my position, to which I have posted Articles and professional financial analysts opinions as to the correct valuations for most companies,... That based on prevailing standards of PE and PS ratios in comparison to the current market cap of unrestricted shares,.. The S FIO is not only undervalued but ridiculously Heavily discounted.
Until the overalll market Mends itself This price won't likely move until audited and another quarter or 2..... Who is dumping is immaterial. Anybody can list Professional valuations or opinions That equate to this company being oovervalued.... I'm still waiting!!!! Doubt I'll get a response.
P.s.s. chaos, Time is up from your projection on the 10th.... You still not under a penny
