Behaving as expected......First off, let me start by saying IF the company's mgmt had not done what they did, the shares would be trading over a dime in the teen's by now. By making stupid, short sighted decisions based on nothing but greed, this mgmt has put this company's credibility at risk and had made the market, including important influencial investors turn their backs on the company & have gone completely sour on this investment. This is what you get when tmanagment is NOT transparent, plays games and tries to pull revolting shenanigans in order to benefit no one but themselves. Incompetence, dishonety & greed is deadly mix to possess, especially in mgmt heading a company where you have a vested interest in.
For those investors who are new here or maybe you just missed my past commentary and are reading this most recent post of mine but have no idea WTF i'm talking about, i suggest you read & refer to my two previous posts before absorbing this one. It will make more sense to you & clarify everything you need to know or want to know. I will not make this commentary too long, as what needed to said has been more or less expressed by me and there's nothing more to say UNLESS mgmt changes course & rectifies the problems. But i will address what HAS TO BE done. what NEEDS to be done and where i think the company's stock is heading for the next few months.
First, i'll will tackle the latter part of where i think the company's shares are headed. Assuming NOTHING changes and the company's mgmt stick to thier ridiculous plan to spinoff the various divisions, then the stock will be stuck in mud & limbo as arbitration takes hold. As mentioned before, everyone from MM's to penny flippers will be playing around with the stock price relentlessly. As they are currently doing right now, if folks want to know the reason WHY the stock isn't going up.
As mentioned also, and i expressed this strongly in last post, this stock will not move up significantly UNLESS we have constant daily volumes way above 10M AND Bitcoin trades way above $60K. Anyone who does not see this or says to the contrary really doesnt know much about investing OR this company. Last Friday the company shares traded close to 10M on ALL exchanges, with Bitcoin over $60k BUT still failed to even move up in any meaningful way. So I will say it again for those too stupid or stubborn to realize the reality of the dynamics at play here. We need way over +10M in total volume, DAILY AND Bitcoin approaching $70k. Anything short of this and the shares will be stuck at these levels for a VERY long time.
Talking about being stuck in mud, this not even include the massive unloading of shares by insiders (the reaons for this are explained in a previous post so refer there) which is puttng trememndous selling pressures on the stock. One particular insider has been constantly liquidating her position for months now and is ONLY half way done. There's still at least another 12M shares that she's looking ot unload and trust me that will take some time to be absorbed by the market. By my calculations, the enitre position COULD be liquidated by end of November, IF no other insiders follow suit. If people still think that this "spinoff" is such a good idea, then why are most of the insiders all bailing on the stock? That should have been the first red flag that something was off here........
So to give shareholders some inkling of hope, what could be done here to improve the situation? Imo, the first and very obvious & eay move they can do is retract the idea of spinning out the various divisions. This was a terrible idea from the start (and i stated the reasons why in a previous post so refer there again) and completely ill timed. I mean they couldn't have picked a worse time to pull something so stupid as this as this time period, during a massive crypto move. How dumb & ignorant can you be? Or maybe should i say greedy?
Secondlly, the company needs to change mgmt & strategy. The overwhelming bad stench of Ryu & his team of clowns is all over this and the savvy investors or insitutions will NOT touch this until that odor is totally removed. The connection between Graph & the P&D scam of Datametrex (ScreenPro included) still strongly exists and MUST be totally severed. Until that time comes, that deadly ablatross will be circling above over the company like a very dark cloud of suspicion & deciet. Get new, fresh faces in there with a revamped strategy, a clean slate & some s/h transparency and i promise you the company & it's shares will benefit greatly going forward. Anything short of this, will not entice anyone with serious funds or influence to invest in this company. The idea is sound, the problem is mgmt.
This is about all i have to say for now. If i have a bit advice for the company's mgmt (who i hope are rwading this board), i will say this. You better act fast, either do the right thing soon or GTFO and hand leadership to those who will. As most of you know by now, Coinbase has decided to enter the NFT space. A space which is not too much saturated right now BUT does have a decent amount of credible players. By Coinbase entering the fray, it ONLY diminishes small players like New World (GBLC) and the attractiveness of their businesses. Coinbase is a total monster, a massive company with unilmited resources, access to massive pools of capital and crazy social following that will attract talent & customers like a huge magnet.
Everyone will be drawn to them like bees to honey once they are set & go live. So in order to sruvive & thrive, small time players like New World need to find a niche where they can make it. AND this my friends, goes back to the sanity of why splitting up the company does not making any logial OR strategical sense.
Good luck & God speed