YW. The other possibility is that those organizing the conference want to keep the price low going into the event so that any upward movement after the conference will be amplified and they can use that to convince other companies of the value of participating.
Or that someone who thinks the conference will provide a bump in the price is looking to front load as cheaply as possible.
The recent conversion of the preferred shares to a 3.6% term loan is interesting and IMHO, positive. It not only takes away preferred dividend payments, but also somewhat validates their financials, as no bank is going to issue such a loan without good due diligence.
Their balance sheet looks strong, with the only negative I see as decreasing sales, though net profits have held up decently.
They certainly appear to be working toward an uplisting to an actual exchange, which, if they remain profitable, would provide a nice boost to the stock.
Of course, if they are able to remain profitable, they will be one of the 1 in 500 pinkies that transition to an actual exchange-traded equity, so there's no guarantee.
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