Excellent post JRF!!! Reposting:
""Come on. lets start defending the stock "
Personally I would never defend a stock. Defend a company? Absolutely. Defend a CEO who is being accused of things he is not guilty of? In a heartbeat. But defend a stock? I can't.
This company went from 1 million in revenues to 2 million to 3 million to 6 million over the last four quarters. They expanded into a new cafe that opened just 6 weeks ago. they have visited places in the USA and are working on expanding further. That further expansion IS coming. They have worked to find a place to move their headquarters to in Chicago. They have dealt with the growing pains of going from a local entity to one about the enter the global market. They have had other meetings you and i don't know about (I'm sure of that). they have purchased a new distribution company and started working on expanding that company back to where it used to be. they have met with game developers and talked about how to bring out their OWN game in the future. They have hired a graphic designer for that game. SO that is moving forward, although it is not done yet so they can't keep coming out and saying they are moving forward with each step.
They are doing things. As a COMPANY. the COMPANY is WAY better than it was 7 months ago. yet the stock is the same price. Why? Because the job of the CEO and employees is to work for the COMPANY. the stock does what it does based on buyers and sellers. ANd people posting good things and bad things about it. It dove a few months ago based on a man dying and his widow selling a LOT of shares in the open market. It recovered because a bunch of loyal investors bought back those shares and absorbed what came out. yes, the STOCK moves on investors and posts and things like that. I can't defend the stock. If that man didn't die, his widow would not hvae sold. But he did. How can I defend against that? But eh COMPANY is GROWING, and doing it NOW. Not with or without the audit. Not because of the audit. But because the CEO is focused on expanding this company. Have we done it? Of course, See again what they have done, written above. the COMPANY is MUCH better off than it was 7 months ago. the stock? The stock will follow. When? Over time. At times it is ahead of itself. At times, it is behind. I think we were ahead of ourselves at $.23. I think we are behind value right now. But that is not what the CEO focuses on, and that is what the CEO should expand. he expands the company, and the stock follows over time.
That's all that can be said about hte stock. It's the COMPANY that matters, and I am holding because the stock WILL follow.
OH, and when you look at the last four quarters of revenues, the $1M number is about to drop off, replaced by probably a $7M or $8M number. That will move the COMPANY significantly higher. ANd maybe the stock shall move with it at that time. If not ... it will over time.
Get the theme here? If the COMPANY is growing and doing well, then the STOCK will follow. And if it hasn't yet, it will. Maybe it needs less people focusing on the stock growth and more people focusing on the company growth. then they will be MUCH happier with what has happened over the past seven months."
I certainly feel we are undervalued now based on fundamental and downright amazing revenue growth!! The Q2 report due next week may go a long way in correcting the disparity between the price of the stock and it's more realistic value. I'm inclined to think it will....tuna
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