GREY:QSLRF - Post by User
Comment by
illumination1on Sep 20, 2013 9:04am
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Post# 21754016
RE:Annoucement of IR contract and Options Set
RE:Annoucement of IR contract and Options Set
ck--this is one of two then i guess. nci is another from .03 all the way to .52 (currently at .46 and poised to break that with recent news of 3 contracts from lois) both of which have between 25 million to 30 million shares. i don't know of any of the financials for the ifab but the revenues for nci tech isn't spectacular by any stretch of the means low millions but i guess it's how much is being kept which i haven't really delved into. i read on ifab and i don't really know what all the hype is about--women's clothing and apparels etc what really sets them apart--is this more hype and flash in the pan as is most of the venture companies (like 99%) of them? branding? material? what exactly is so special about this company vs. any others? but going from a 52 week low of .25 all the way to around 3.4 is very impressive to say the least.
nevertheless, the apparel market is very competitive and i have seen strong companies like reitmans etc. come down heavily--most trade in between 10-15 dollars from my recollection and a lot of others within a few dollars--i suspect the same will be with ifab unless there is something spectacular about it. i definitely wouldn't touch ifab in the couple dollar range not enough potential for profitability unless again i am missing what makes it so special--same with nci--i've seen other better comparable companies level off at around $1.00 with somewhat fewer shares--but the run for both ifab and nci have been impressive especially if one got in at the .52 week low.