RE:RE:bln Aquaman I disagree to quite a few of the points. first off i dont think blackline will be acquired because no one will buy them. they are over priced right now and have a negative ebitda.. do you really think this company is worth 200 million...
At some point, they'll be able to slow the expenses/development and increase profitability, at which point institutions could take notice and want in, = when you say this "at some point" you should ask yourself when. when does the mgmt think they will turn a profit. thats their biggest issue. the hardware they are selling is at a loss. if they stop selling the hardware and just live off service revenue i still think they will only make a small profit. The devices that they have sold to customers always need replacement and of course no hardware no growth. Also their costs are astronomical. they need to reduce their staff by half. Also i have been following this company for years and the more they grow the more losses they incur.. its a sinking ship. this high share price was all hyped up due to technology stocks going up
blackline has 4 months tops to recover their share price. because then tax loss selling starts and good luck. we need to see some big insiders buy - like where is the CFO and COO. they used to buy and now they have stopped. Brendon cook, one of their co owners need to buy. at this price they should be buying 100k or more. the other problem with this stock is the liquidity. there is no volume.. also the spread between bid and ask is so huge..
one of their insiders, barry moore also retired recently. i was checking insiders and saw he is no longer an insider. at some point he will be selling and hes got a lot of shares.
I have seen a lot of times these small caps raise cash (40 million at 7.30) at high prices and then stocks come down significantly after that. investors have been screwed like this for years...
i say short term this comes down to 1.50-2. lets see who is right. if it goes to 5 you are right. if this goes down to 2 I am right.