Another reason for the continued downward pressure is the fact that TKO continually fails to meet the expectations they have set for themselves, despite the fact that the expectations they have set for themselves don't even make the company profitable.
For example, at the beginning of the year TKO promised $25M in revenue. Then later in the year they acquire Ethostream and SSI, which they say will add between $10 and $15M to the bottom line. All this while diluting TKO stock. So, using my limited math skills, you would think $25M from TKO plus at least $10M from Etho and SSI would equal $35M. Not in TKO's world. They still only promise $25M for the year, if that!!
So, TKO continues to revise guidance downward and the price takes a hit. DUH
All posts are only in my opinion. I am not a broker or anyway involved in the securities or investment industry. I do all my own due diligence. Any allegations to the contrary are totally fabricated.
