RE:The only news that mattersIt appears to me, the only real assets the company currently have, are Demond, his wife and the original Glance Pay app.
Until there is any execution of other business relationships announced, they can only be valued as promotional fuel, which we've seen exploited by the bullbord promoters to every possible extent.
If they don't materialize, you're left with the technology the company first started out with, wich has made some great advances along the way.
The problem is, at this current market cap, it's just not realistic.
From what I've seen, I like Desmond and I think he'll make a go of it.
But there's a lot of work to be done, costs need to brought under control and revenues need to grow, no different than any other real company.
If they have to go back to the market for further financing, without any major developments, it's not going to be at the previous lofty levels. This means further dilution, and that will be a hit to shareholders.
I have no position in the stock, or company at this time, but that may change depending future business developments.
I wish Desmond and the company the best of luck.
rgsamways wrote: The only news that matters for this stock right now is this family feud disaster. No charts, no trends, no nothing,, except in-fighting The stock is tied to that and only that atm. No-one is going to touch it while this stuff is going on and it's going to sit well under a $1 until resolution and a few months of clean living.
What a nightmare. Such a great year completely smashed to pieces by corruption and deviants. Very sad. I wish there was something positive to say.
Anyone?