I'm With HimUnlike Pandora, I do understand what this company does. What I don't get is how you can jusitfy the increase in share price from approx .60 in July to $4.25 today. What has changed with this company in that amount of time?
They have negative revenues and from what I can see, anemic revenue growth going forward. They needed more financing and got it from the only analyst covering the stock,with a strong buy recommendation I might add. This was a shell company, obviously used for its capital losses only 14 months ago and the shares are thinly traded and tightly held.
So help me out here, they allow you to use your purchased software on multiple devices, via the cloud, I can see the merit in this but really how is this company is worth $77m?
I am not trying to rain on everyone's parade here but a few posts ago someone mentioned the dot bomb era, and yes so far I would say this stock is behaving much like those easy money days. But we all know, Zero revenues, Zero profits = Kaboom.
If anyone can help me understand what I am missing here, I would greatly appreciate it.
Cheers!