Ok, so we really don’t know, then. That’s OK, I figured the stock was waving back and forth because of day trader types bumping the number up and down on low volume.
Not sure about a billion dollar idea, all the big cell suppliers are already in these markets (they have to be or there’d be no towers), several cheap knockoff brands there, too, so it isn’t new. Just have to google cell phones in country X and you’ll see they’re pretty far along. Plus, these can’t be those huawei phones, those are the new flagships for them, too expensive and huawei already has direct contracts with big cell companies outside the US, no need for a middle man.
When I saw the BLU reference, that made more sense, since those are knockoffs with a couple years old technology and less features. Also made sense that Android 7 was mentioned, since 8 has been out for 6 months. Leads me to think this is unsold/distressed inventory from somewhere they’re thinking about flipping. That’s a low margin business, though.
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