Post by
InvestStocks on Sep 03, 2020 4:08pm
My opinion
I don't think this can go much lower than 0.17 cents seeing as how we are coming off our strongest quarter and based on some of the recent news aricles (ie. NorthStars) we are continuing to build relationships. The overall market was down today as well. Hopefully next week we see a move up in SP.
Comment by
BCdude on Sep 03, 2020 5:10pm
I agree. Downside is limited. And even if it does go lower, can't see it staying there for too long. Fair value for existing business -- without any further blue sky potential -- is higher than $0.17 IMO. Fully diluted market cap is only ~$17 million, and they have $13 million in cash and investments, no debt, and a $3-4 million revenue run rate, which has been growing every year.
Comment by
igold8 on Sep 03, 2020 8:58pm
Someone got a nice sized fill at .185 today on bid
Comment by
InvestStocks on Sep 03, 2020 10:46pm
I added more at 0.185. This stock should bump back up at some point.