RE:What do you think? At this stage nobody believe anything SIM management says including NR of new purchase orders. Management has brought it on themselves. As per purchase orders received in Q4, the total revenue should have been $5-6M but actual revenue was only $3M. No one knows what happened to all orders.
There are rumours that Orders are routed through a company owned by the mother of COO. I asked a clarification from IR firm KIN and they told me that they will get back after verification but no response so far.
Q1 results may or may not be declared by June end. Only 3 business day left. If Q1 results are bad, there is no reason Q2 and Q3 will any better and then 2020 is done and so is SIM.
Nogah3 wrote:
Hey everyone,
Three good news releases in short succession for ~$1.6million added to backlog yet share price drops. Why do you think this is happening?
Who holds the majority of stocks? Long term investors?
What would happen to the stock price if long term investors mop up this hugely discounted stock? Where are the insiders?
If insiders don't report major buys on the public market soon after Q1 release, is SIM dead?