You knew this was coming: Why Jack, why do you say it is a good time to get into this stock.
Share Price 99.98 per share, unless you buy in even lots, just the fees alone add 10 percent to the cost. For those of you scraping your pennies to pick up a few shares when it was .19, going to take a lot longer for the 252 shareholders to scrape up an even lot. Volume will be stagnant to nil.
No word on financing as this latest 10K shows they are spending more per year than they have coming in.
Market cap is over 60 million dollars for a company that has negative net earnings.
One sector grew, another declined, yet expenses trumped them all.
Obviously PEG television is not, like I've said many times, is not profitable, cloud system has too many competitors, TEVE has limited exposure, and limited resources to fund R&D to compete with the big companies.
Expect either sale of telvue or forward split to reduce price, either way share price will plummet as there is no driving force that will cause this stock to rise thus increasing market cap into the ridiculous range. Anyone thinking of buying has to ask themselves what is the value I put on this company, then compare that to the profitable ones.
Now your turn, why would someone want to buy now, with company in question, finances in question, future in question, share price in question?????
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