Post by
stockhunter20001 on Jul 07, 2018 12:26am
Can someone explain what the hell has happened?
How did this stock drop to 75cents/share on bankruptcy warning on Tuesday and jump back again to $2 on a big order?
Having sales does not mean the company is making money, I am sure the order they won has razor sharp margins, what made investors to jump again on this stock?
Is there any future for this company?
Comment by
MJInvestor101 on Jul 07, 2018 3:12am
Company has 200M existing revenue with 152M in debt. The debt was killing them. Stock used to trade at $30 5 years ago but bleeding since the hardward end was drying up. Looked like a good short. Data Centers is what these guys do so if they really have secured a good contract and do well, then get more, might be the saving grace. Too bad, was a good short, got burned bad..
Comment by
stockhunter20001 on Jul 09, 2018 12:02pm
Yes, but did they say that they are warning shareholders from bankruptcy? What happened with that? Was it fake news that's why the stock popped up?