RE:RE:RE:RE:Never seen anything like it!I would be inclined to agree with what you say, except that I hold shares in another company (PHO) with financials that are relatively similar, and the flipping theory is the only one that seems to explain why it is so underpriced. In that case, one has a company earning 12 cents / share in 9 months, over $46M in the bank, debt is mainly AP and taxes, and it is trading around $1.65. Makes no sense.
Anyway, I'm holding SPOT and will buy more on the expectation that sooner or later the market prices properly.
BTW, I also hold GSI.
HenoftheWoods wrote: Nice to see some GSI folks appearing here...
Look, this thing has tons of room to run. Since when a stock making three cents per share, with no debt and this kind of story, is worth 40 cts? I don't care if part of the earnings is through stock they own appreciating, that's part of their business model. In any other tech sector, this would be trading 3$+. As soon as people realize this is not a traditional mining stock, we double and triple in a hurry.
And by the way, I am retail and I don't trade or flip for a 20% gain. At last count, I own 604 000 shares + a few more k among family members.
i tell you: any fund or institution wanting in will push this up 20 more cents in a jiffy and your flipping theory will fall apart.
Cheers