GREY:CNONF - Post by User
Comment by
HomerAndCompanyon Feb 01, 2019 1:58pm
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Post# 29306788
RE:Is this a real company or a house of cards?
RE:Is this a real company or a house of cards?I think you're asking the right questions.
They are a real company as they have shares trading, $500K in cash from the IPO, an address, several executives & board members, a website and a phone.
But do they have a real product? Do they have sales, or prospective sales? They could be a real company AND a house of cards.
A lot of winning companies have drifted down below their IPO price and spent a long time in that range before making a lasting move higher. This one only went higher after the IPO with almost no pull back ever. Very strange! So soon after the IPO almost all the shares are in the hands of the underwriter & insiders & retail investors that just bought are not likely to sell immediately.
Finding out what's behind that strong SP is not easy as the company does not list a phone number on their site and does not respond to emails sent via the contact section. They do have a phone number & you can look it up online. But if they were eager to communicate with investors (or even potential customers?) it would be on their website.