Well then tell us what the company is worth. Unless you think it is worth less than zero, then you should give a number. Any number that you give that is less than the current market cap can be defeated just by liquidating the company and paying the shareholders the proceeds.
And even though the CEO is paid a fair amount, if the company was sold to a larger group, then about one million in salaries could be wiped out just from a few people. And the fact that the company is a public company and has to go through the expense involved in that, also ADDS to its break up and sale value, as that no longer would be needed.
So, you either believe the company is worth less than zero, or somewhere between zero and 6 million. And if you believe that, then you cannot be taken seriously. If you started today and were going to build a company from scratch, do you think that you could build IFON for under 6 million? Lol. I mean, they have more than that in cash if they liquidate tomorrow. To you, their brand is worth zero, and the fact that they have approximately 10 million is worth nothing. Also, you must not realize that the company has paid its bills and salaries for over a decade without taking on debt or diluting shareholders.
The company is in great shape and will move higher quite soon. Look around at all of the other companies out there. Most are garbage, and most cannot organically survive by themselves. IFON is solid. If it is worth just 6 million, then you could almost say that a similar company with ten times the sales, and ten times the cash would only be worth 60 million. But you would lose that argument as well, because I would suggest that any company with 100 million in cash, and no debt, is worth more than 60 million. You just don't understand the company, or how out of whack share prices can get.
You caught a glimpse of what the price can do a few weeks ago. Now, imagine a scenario where delisting doesn't matter, and there is a new product launch, and maybe a nice partnership. In that case, it would be obvious that the price would race past $1 in no time at all, and multiple dollars per share would be within reach in a hurry.
I started buying at 38 cents, and within a week the shares went to over 70 cents. After retracing, a few months later the shares went from 48 cents to 1.04 in a single day. Now back to where I am pretty much even, as my average is 44 cents. My buys are gold, and I won't be at risk of a permanent loss of capital, nor will there be a time when I will be able to buy the amount of shares that I currently have, for less than my average. That is called buying low.
Management got this quarter out of the way. Now we have good news on the delisting hearing coming, as well as a new product launch, and if the next quarterly report is better, we will be at 1.50 no problem at all. This is close to a slam dunk winner from here.
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