I agree; something is holding VKNG this week. It’s perplexing…
My theory is that perhaps it’s because it doesn't fit the typical penny stock profile usually surrounded by fanfare and hype. VKNG is based in a real product with real existing sales (on 2D systems) and real partners, -Boston Scientific and Sony to name two. VKNG has real FDA approvals, real project milestone and timelines for launch (which they have communicated and kept to). It’s not glamorous, it’s one logical step after the other and if you look at the stock trend, the price has increased one logical notch after another. Further, our military is a current customer. The military always makes suppliers stronger. It might have associated pain but the supplier will benefit over the long term. Which is another key point; - the military doesn’t work with a flash-in-the-pan, penny stock type organization?
When was the last time you saw this in a penny stock? We’ve become a culture of NOW! and this doesn’t fit the typical penny model. I say, “Why should it? It isn’t.”
Congratulations to the long time holders.
Here’s to a strong 4th Quarter.
Cheers.
