Post by
mingzhu on Nov 29, 2023 5:01pm
very bad financials, next Q will be even worse.
expecting to see 0.05 in coming month
Comment by
Smiles62 on Nov 29, 2023 8:48pm
So tomorrow we all expect you to sell everything and buy back when it gets to 0.05 correct? Dont forget you kept saying that you would buy at 0.10. :) Let's say you come back and say you don't own any, then I would ask do you follow as closely all the other 1000s of stocks in the market that you do not own?
Comment by
mingzhu on Nov 30, 2023 9:41am
1, gross margin down from 46% to 18%, It is extremely low for a softwareware co. 2, revenue down to 1m from 1.4m last Q, and from guidance of 1.7-1.9m 3, cash 3.6m at hand, but loss of 5m Q3. It cannot survive without more financing. i sold my holdings and will not buy even at 0.05 unless Seller Central open up in Q1 of 2024. If a business is not working, the value is 0.
Comment by
Smiles62 on Dec 04, 2023 12:50pm
I did not listen to their video, I know their intentions. I'm convinced they did not spin it the way you just did. Thank you very much for the real summary. Now the only hope left is signing of contracts very soon, if not you are correct it's destined for 0.05, I suspect millions will be traded at that price. Can you imagine it will have less of a valuation than IP !!!