Memex Inc V.OEE.H

Alternate Symbol(s): MENXF

Technology Software - Application

Memex Inc. is a Canada-based company, which is an industry internet of things (IIoT) company. The Company’s manufacturing operations management system (MOMS) software products include MERLIN Tempus, MERLIN Tempus EE, MERLIN FOEE, MERLIN CI, MERLIN Operator Portal, MERLIN ERP, and Ax2245 ScanGun Bar Code Scanner. The Company is engaged in the development of MERLIN Tempus, a platform that delivers real-time, tangible increases in manufacturing productivity. The MERLIN Tempus suite provides quantification and management of overall equipment effectiveness (OEE) by revealing hidden capacity using real-time objective data. Its IIoT Hardware products include Ax760 MTConnect, and MERLIN Adapter for Siemens SINUMERIK 840D. The Company’s hardware solutions offer manufacturers the essential link that allows manufacturers to connect machines together. Its DNC & Memory Upgrades products include MERLIN DNC, MERLIN Dostek DNC, Behind-the-tape Reader (BTR), and Memory Upgrade.

TSXV:OEE.H - Post by User

Memex Inc > OEE- small IOT company- hidden penny gem @$02-$.025

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Comment by TriumphSpitSixon Feb 08, 2021 12:58pm

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Post# 32502056

RE:RE:OEE- small IOT company- hidden penny gem @$02-$.025

I answered the "Why did it go up" question in another post... Most likely speculative buying before earnings hoping for a revenue surprise. The company has, in the past, kept mum over a quarter then put out unexpectedly good numbers. Seems people were hoping for the same results this time around, but were disappointed. The post-earnings drop off seems to confirm the theory.

Biggainer wrote: Thanks. The big volume and the price increase that happened on January 12 to 18 really intrigues me (where 36 million shares traded hands at a price between $0.025 -$0.04)
If we average the price at $0.0325, that's almost $1.2 million worth of stocks that traded hands.
Why did it go up? (See above.)
Who bought all those shares? (Speculators/Idiots.)
And why did it not break out of that $0.04 resistance? (Investors hoping for a surprise but were disappointed because earnings were crapbiscuits.)
Will they try to make it break out again? (Why is there always a mysterious "they" people think are pulling the strings?)
If so, will it finally get past that $0.04 and then the $0.05 resistance level. (Evidently not, but consult your Magic 8-Ball in case I missed something.)
This was a $0.45 stock just over 4 years ago. (Past performance is no guarantee of future results... blah blah blah.)