Memex Inc. V.OEE

OEE- small IOT company- hidden penny gem @$02-$.025

[ashwanisharma]

with a market cap of $3.39 million, and decent revenue /profits, this baby has some serious potential...

the stock is decently priced at this level.....once the manufacturing starts scaling u will see OEE moving higher....

its never too late...

good buy.....good luck!!!

Frequently Asked Questions (memex.ca)

[Biggainer]

Thanks. The big volume and the price increase that happened on January 12 to 18 really intrigues me (where 36 million shares traded hands at a price between $0.025 -$0.04) If we average the price at $0.0325, that's almost $1.2 million worth of stocks that traded hands. Why did it go up? Who bought all those shares? And why did it not break out of that $0.04 resistance? Will they try to make it

[kalman007]

i highly doubt this will go anywhere under its current management.  Time has proven their inability to make something happen and add shareholder value.  Covid saved or extended the life of this company.

[ashwanisharma]

Thanks Biggainer for the info!! u have a valid point...technically the stock has shown some stability around .025... if you look out everyday at the buyer and seller sections u will note that the amount of shares on the BID side is almost same around 5 million shares @.02 and on selling side its around 4.57 million @.025.  it looks like same person or trader is playing of on this stock

[TriumphSpitSix]

I answered the "Why did it go up" question in another post... Most likely speculative buying before earnings hoping for a revenue surprise. The company has, in the past, kept mum over a quarter then put out unexpectedly good numbers. Seems people were hoping for the same results this time around, but were disappointed. The post-earnings drop off seems to confirm the theory.