I agree, and certainly find it "interesting" here.
I probably wouldn't, if what a quick look at the DD showed was that, like WAY too many "managements" at this end of the market, they were focused on "making money" by selling large numbers of newly minted shares, with a bottomless pit in the authorized, instead of staying focused on making money by generating success for themselves by making the business work.
They're running a pretty tight ship, and seem to be doing about as well as you could expect, being as tight fisted with their equity as they are tight fisted when spending their money.
They've weathered the recession...
They've figured a few things out in the process...
We still need to see what it is they're planning to do with the little bit of $$$ they raised in the latest round... need to see some adjustments made to address the changes taking place in the market now...
How much of where they are now is a function of changed market conditions over the last two or three years, and how much is a result of "disconnects" between the shifts that ARE taking place in the market, and "misses" in the product offerings they (and competitors) have put out there to address them?
If they succeed in "breaking the code" that seems it has locked this market for the last year or two... and do that in a way that enables showing a real acceleration or two in some few metrics... then, this could be "off to the races" sooner, and move a lot more, than many may expect. That might even happen only as a function of change in the market...
Otherwise, it seems they've weathered all the more recent bad news handily enough... with a proper enough set of responses that it does a lot more to address and dispose of the elements of risk than they appeared to posture. They continue running a tight ship... have the right focus on the opportunity... and have a lot of opportunity, now, to address moving things forward, growing the business on the "organizational" side, improving their position, building the team, etc., as well as being well positioned, now, to move things forward on the "performance" side...
This still looks to me like it could easily trade quite a bit higher than it is, now, without that being a result of anything other than changing patterns in the market and the trade... market noise... charts, etc.
If they, and the markets they're addressing, "figure it out" ?
Then, we're not going to be here talking about "market noise" and chart patterns tied to trading, or about moves of a couple of pennies tied to change in market conditions or perceptions of the "junior company" risks...
JMHO
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