>Can't plunge for years without pops here and there.
Yes, it can. Not every stock has to be noble. Not every stock has to have ups. If you could see the graph for the last 6+ years, you'd see only down, down, down. For many years it was going down 10% per day - it's only suppressed now because it's too close to zero. That'll be fixed at the next reverse split, and it continue to plummet (like every other time)
The company doesn't have any assets to speak of. And even if they did, and you wanted to invest in the assets, they have a way to simply take your shareholder money.
It's not that money wasn't poured into it by investors - the "run ups" that you wanted were made impossible - simply absorbed by new share creation.
If you believe it can go up, you underestimate the number of outstanding shares owned by creditors, and the willingness of the company to make more, and more, and more.
The only constant in this symbol - for years - is that the company sits on piles and piles of freshly printed shares. They pay their creditors with these shares and they (not thinking the stock is going to go up) need to sell ASAP in order to get as much money as they can. This runs the stock down. They reverse split and continue the cycle.
In a one year period where shareholders lost 99.9999% (literally) of their investment, on paper the market cap only went down 15% - due solely to the number of new shares sold - they made so many new shares and sold them (while hyping the movie) that somehow it offset every shareholder losing their entire investment. The math is amazing. After this, the Market cap plummeted - they ran out of new investors, apparently.
From what we've witnessed, it sure looks like the company only exists to sell shares - that's been the observable pattern, anyway.
How'd they sell shares?
In the past, every once in a while the company has put out a press release - maybe claiming Bruce Willis is going to be in neuromancer (for instance).
Or other equally silly releases that were meant to bring new money for investing.
They've been selling Winter Queen and Neuromancer for years, and yet the only thing we know money went to (aside from salaries) is the house/mansion/property/studio - and just how much they actually invested is under investigation by the Feds.
You want a pop in a stock when the only thing the company is doing is trying to keep them all from going to jail AND even if they weren't the whole share printing thing still exists? How's that going to happen?
On a side note about neuromancer, I think the only way we'll get the movie is if they sell the I.P. to another studio.
Frankly, as a fan of movies, I no longer want SAPX to try to make it. After looking at their portfolio, I believe they would fail at it.
There's an (aging) interview with the writer of Neuromancer who strongly hints that the movie rights are so mired in shit that it's unlikely to happen any time soon (and he said this when the hype was high - he has already been proven correct).
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