TAKE A DEEP BREATH ! The last five pages are full of emotional, hopeful comments based on this company having potential, but little substantive evidence of revenue generation. None of it is DD.
First, consider the competition. Apple and Google have joined forces in a contact tracing app. Do you think Loop can take them on ? Lightspeed have many times the deployed systems. Don't you think that they could tweak their system to do what Loop does without a great deal of expenditure ? How many other competitors are there in this space ?
Second, while insider ownership and continued acquisition of shares is generally good news, the corollary is that if they didn't, it would be particularly bad news. It is important to ask why they have not attracted wider investor interest.
Third, stock charts. If you go back to June 2019, there are a number of peaks and valleys. Anson makes the most of opportunities to pump the company. If you hit the news tab, you will see multiple news releases, many of them repeating each other, and often not pointing directly to revenue generation. Often they are followed by price spikes which fade over the next ten days.
Fourth, it's value is as a buy out target. That is dependent on the buyer determining that it is cheaper to buy the company than to develop their own app. The long term value is integrated with a sales system such as Shopify or Lightspeed or perhaps integrated into a loyalty and marketing company.
Full disclosure. I was impressed with the early June 2020 releases, particularly the joining of Amazon Partner network. As I have had time to reflect on my purchase, and watch the up and down, I believed I had paid too much for a hopeful stock, much like a mining stock I bought 10 years ago which had tens of billions of dollars in minerals proven in the ground. The minerals are still in the ground and the market cap has shrunk to under $10 million. This company has potential, but it has a long way to go to be cash flow positive. Even Anson seems to recognize that he will not get there before his value as an add on to another bigger company forces a sale. It's highly speculative and based on the notion that some other company would buy the company rather than develop a similar function on their own. I bought in June at .165, watched it drop back after the hype died down, and sold it with the hope of buying back in at a lower more reasonable price at .18 on Thursday before there was any news out. Turns out to have been a mistake, but you will get caught at times when your playing a trading game. Fortunately I am still ahead on this, but it might have been more. I will be watching for a re-entree, but it won't likely be Monday. Thursday and Friday's "news" was not really news. You can't bet on "accelerated talks" doubling the value of the company.