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Big RDC

01/24/24 9:10 AM

#49817 RE: train #49816

Buy back shares $$$IQST$$$$💯
Bullish
Bullish

Boiler_Master

01/24/24 9:49 AM

#49822 RE: train #49816

I don't believe there's any way around the minimum $2 sp requirement for Nasdaq.

If they keep improving the financials like they have been, it should get there in time. But options to speed it up would include things like share buy backs, special dividends, paid promotions to spread awareness and bring in new investors etc.

All of those cost money tho, and they haven't had the profits for it yet. Meaning you can't raise cash by selling shares, then use that cash to buy back shares. That would basically be a pyramid scheme, a scam.

They seemed to be on the verge of becoming legit profitable with Q3 showing a small 45k net income and claiming margins improved in Q4. But now with this new profitable acquisition they're saying 3M positive operating income. So I'd say it's reasonable to believe they'll definitely show profits going forward and those options will be available to them shortly. Even 1M profit used to help the stock could buy back over 5M shares at this price, or issue a one time special dividend of like 3% (unlikely), or pay for maybe 20 publications from financial news organizations at like 50k each idk what that kind of publicity costs tho. They could pay some social media influencers to spread awareness, or even pay for adds on social media. The point is, profits provide options and 2024 we should see a shift as they show profit and those types of moves become feasible for the company if the SP does not react on it's own. I see no way they show 3M profit and the market cap staying around 30M and management just ignoring it.