No offense at all intended, but I had a friend who worked for Goldman and they aren't the brightest bulbs over there.
Now, you say that the company is not worth $70 million. Do you know what assets they have? Are you privvy to that?
I'd like to know if you are talking market cap when you refer to value of the company. If so, market cap does not reflect "what a company is worth"... rather it is a reflection of it's size within the market as a whole. That is why they have different levels to classify companies. See the Motley Fool's explanation for more information.
Any value investor can see the potential in QBID. The operating costs will likely be dwarfed by their cash flow. I just don't see how on earth this thing can't become profitable early on in it's existence.
I'd enjoy hearing more about your theories regarding their long-term status as a "low penny stock". Are you saying that it is impossible for the company to reach levels about the pennies? I hope not, because neither you nor I can say anything for certain at this stage. I hope you will allow me to believe in my opinions, as I have not bashed yours.
I don't see any need to pressure the company to disclose financials at this time. What is the point? All we will see is what debt they have incurred to get this thing off the ground. That won't help much. After subscription revenue begins to come in ... let's say after the first quarter, then I'd like to see some financials. I believe they want to get off the pinks... who wouldn't? So, ultimately they will want to file their financials with the SEC.
Okay, patience to all... haha
Oh and institutional investors have a built in pessimism toward penny stocks. They don't touch them and historically bad mouth them. I believe it is because they can't take the risk of losing money, and thus losing clients. For those brokerage houses, it is all about making their clients money and keeping the portfolios stable. Now a hedge fund investor ... maybe I'd listen more to their ideas about QBID.
AI
