SSC Security Services Corp Ordinary Shares V.INP

RE:RE:Tax loss selling candidate

[Ronbromleygross]

There was a time I saw this as a 100 bagger from its IPO price of $1.60. Well maybe asking for a 100 bagger might have been a stretch but please give us a double from its IP price for crying out loud. I would give anything to get this to $3. Even that seems to be a tall order to ask it seems. Would give me a nice profit of $65k. As it stands, I am down about $20k. Wow! Never expected the stock to be languishing at its lows for this long. The 3 defaulted contracts took the price down big time (Nov 2015) and scared off the institutional investors it seems. The stock hasn't recovered since then. The last few quarterly results didn't do much to move the price up either. Not surprised since the results weren't that impressive in my opinion and management hasn't done much either to drive the price higher. I will wait for the final year end financials before I send my "top 10" questions to mgmt. I think a share buyback will move the price up better than a dividend. History shows this to be true especially if one is buying back stock at a discounted price to its instrinsic value(looking down the road and not necessarily based on todays # of streams and volumes). I say scrap the dividend and buy back the shares. That would send a strong vote of confidence to the investment community and should light a fire under the share price. Has anyone noticed that the first few company presentations showed roughly 7 analysts following the stock. The recent(Oct 2017) presentation shows only 4 analysts covering the stock now(see last page or so). Makes you wonder have those other analysts given up on the stock or not??? Time will tell if this model is broken or not as impressive as many have been led to believe. Wonder if management still believes in their model too or are they just biding time and avoiding selling their own stock. Options expire in November. That and year end tax loss selling by the weak hands might make this stock a volatile next 2 months. Still holding..... Ron