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notanindex

03/02/22 11:01 AM

#18941 RE: TheMikester #18940

not sure how this hurts the company, right here, right now. They are not using the stock as a currency right now. And until they release real earnings makes no difference to anyone other than perception. This is probably 90% internally controlled at this point and so they know what is going on and this volatility means nothing to them knowing that ultimately the value of their holdings is a minimum of 4-5 times where it is today and maybe even more if the profitability proves to be what it seems it can be. They did what actually in the end optimized value. Sure taking a bit longer but had they sold the balance sheet to someone that was worth $0.75 maybe at the extreme top - now with real biz to not only take advantage of that balance sheet but generate real revenues in a needed and growing space means many multiples of that value.
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notanindex

03/02/22 11:09 AM

#18943 RE: TheMikester #18940

By the way some dumbass I guess did not realize their 50 share trade would not make the stock show up as $0.54 since it is less than 100 shares. So I guess there are some unsophisticated traders trying to manipulate this stock