I think a lot of "ihub traders" are turned off by ceo Gorst recint statement on 4/13.. perhaps by design,
"I am NOT in the business of speculation and promotion, rather I am here at Insynq to build value."
But letz look closer at that statement:
For one thing itz good to sell moar cloud services than stock, that by definition, would constitute a "real" business...
But on the other hand, there is no way to "build value" unless there is a market for it, and here on the pinks the "market" is all about speculation and promotion...
Theres the conundrum, if itz not speculation and promotion, itz NOT value... on the Pinks at leest
So the only way to "build value" would be to upgrade to a different market: Only 2 ways to do that
1. Uplist, and ceo Gorst has already described the prior financing issues + SEC filing problems that would deter this
2. Buyout, this would solve ALL problems
KASE STUDY, ok INSQ could go down this road too:
RCH+ ceo recintly spent about $100-$200k for various audits/hiring an "ipo attorney"(lookt liek he was gunna do a deal) to get back trading, perhaps thinking the "value" would go back to prior $1 pps Nasdak levels,,,
If you look at the big piktshure, all the facts, the market, etc. if Gorst does ANYTHING to "build value" outside of a buyout deal,, itz gunna be a "garanteed" facepalm..
Gorst made the "facepalm" mistake in 2001, and all "value" in INSQ was lost... did he learn hiz lesson to sell out at tha Top?? We'll see in the nexxxxt few weeks...
It doesn't take that long to cloze a deal, if it has been in the works for at leest a month..
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.