RE:RE:RE:RE:RE:OLD FRIENDS Sure, let's look at PNG as it's a fantastic and instructive example a technology company. But let's go deep. Beyond the "what's happened in the past month" view. You're not much beyond a penny flipping day trader with your short term view.
Kraken Robotics story really started in January 2011 when technology development started under another company Marport. In 2012, they spun off Kraken as it's own entity, transferring 8, experienced people to "kickstart" the company. In 2015, they did an RTO, opening at $0.15. And then zoomed up over 30 cents. Day traders such as yourself must have loved that! But then it immediately fell back into the teens. It bounced around in the teens for 3 years! I can just imagine the outrage of people such as yourselve.
Despite the noise, the people at Kraken set to work and did their jobs. After putting in solid work for 3+ years, the employees at Kraken now have products and sales. And the share price is starting to reflect that. Investors are riding on the coat tails of the sweat equity they put in.
You exclaim they are an overnight success! Brilliant! You're a moron.
Instead of day trading, look at the fundamentals of these companies take the long view. Look at the real potential of each of them. Not whatever the share price did last week or last month.
divot111 wrote: Look at PNG. Another drone and AI related stock that goes up instead of down. Someone said it well when they said their granted options have been earned and are well deserved.