RE:Thanks Maggs! $100MM Indeed...Stockpicker...You showed a lot of patience in the beginning and it paid off big time. Congrats.
The thing is, there are quite a few companies out there in this industry like Snipp with incredible market caps (100 million plus) and no sustainable business model without continued equity raises. Snipp is exactly the opposite at this point. Great sustainable business, Great clients, Leading Tech, Cash flow positive with no market cap. Incredible! Which is why I keep buying the stock.
You bring up EQ with a market cap of over 100 million. They used to be cyberplex and have never made any money in decades that I know of. And their market cap is over 100 million!!! They did a reverse split (at least once that I know of) as business deteriorated and then continue to this day to fund the business through equity raises. And analysts recently upgraded the price target of EQ???
Snipp...CRICKETS...ZERO...NADA...That is gonna change at some point here. Money is coming into this sector like crazy. This companies stock is gonna explode upwards and never look back. IMO...Atul (CEO) has done an incredible job turning this around with a solid/sustainable business model. It did take some time and fiddling to find the right formula but he got it.
Smart people whether it be brokers or individuals are buying this company right now as quietly as possible. They know what is coming as the year progresses. And I have no idea if there are brokers involved now but there will be at some point unless the company has other plans to merge/sell or whatever. Just buy as much as you can in my opinion simply based on other market caps. Too many examples to list...