It Is Funny How People See Things!!!I held one stock for over 4 years and got really disappointed sold out a bulk bought back in less than half the amounts I sold--as it stands 5,000 vs 13,000 shares. I held shares in companies that have killed it only a year after getting full out. In any case, with the company nxo nexoptic people looked only at the bottom line as the company didn't until today have revenue. What is the sad fact is that despite the very strong intangibles on being on three very strong partner sites Arm Nvidia and Qualcomm people were too heavily focused on the bottom line bad mouthing the company yes in some ways understandably, people manipulated the share value as they are here I have no doubt about it shiate all over the company saying that it paid its way into being selected that's right selected and earned by the partners. The share value in truth just for being with three not even one of these companies warrants a $1.50 to $2 share value but apparently the market disagreed and still seems to dispite the new first contract.
It is actually really cheap under a buck--and no I was not intending to plug the stock but rather make a point. You can't look at just the bottom line or share count and claim that the stock is not deserving to trade significantly higher that is just not the case. In some cases yes, in others no but sure in the end the very high share values will be determined by two things the amount of revenue and more than that the gross profit margins--low profit margins high revenue is not that helpful it is better to have less revenue and high profit margins in my opinion so revenue is not the factor alone it has to be paired with profit margins and of course profitability.
Yes, in some ways this is tied to crypto and regardless of whether crypto keeps up or not it is here to stay and people will continue to trade it. There are comments saying it is not sustainable and only people like Musk can afford it. Well if that were the case the crypto would have been long dead although I agree it is aweful on the environnment I called crypto a scam dirty counterfeit money i still do but due to people legitimizing it more and more what can i say it still isn't legit to me and still counterfeit. Only governments should issue currency of any kind all this was illegal and should have been taken down--just my honest opinion! But the government will definitely gain control and regulate it so i suppose it legitimizes it further and the value will likely drop heavily but that said it doesn't as people say 1-1 correspond to trading platforms nope the value of the platforms especially if really good will more than likely increase in value--the block chain is actually the key to all this and this company is working on that as well. So no matter how you slice it people like Jayvan are still making way too much biased noise and have no f'ing clue what they are talking about in so far as crypto and trying to bash on that basis even though yes environmentally it is destructive but there is an answer to every problem. I don't own any shares but look up skychain tech they are stating they can heavily reduce the amount of energy needed to mine crypto and you will have these companies come--it is trading quite well healthy again not trying to plus just saying sct is the symbol I have 0 shares there because I am fully invested but following.
In any case, the overall trajectory is up over here. With 13 million in the can and paving connections in NYC yeah the company has something up its sleeve and the share value willl just blow--can't wait to see that happen--and it will at some point this year. I hold to a $3-$5 valuation here--let's see. I have no plans on selling less than $3 although no promises.
Don't listen to people that just bash get angry without knowing what they hold as what happened with nxo--like i say a phenomenal price for less than a buck and to be on three huge partners community!!! Time will tell the implications I have stated very openly $10 plus this year. If it gets its tech into the Qualacomm chips watch out that is game over and still just the beginning and I strongly believe a part of the tech will be there as the way things work is that every partner contributes their share so depending what is sought they work in collaboration so not all the monies will go to one company unless it is for one function that they look after and that is highly unlikely but the tech is looking quite promising. Do your own dd but the shares are badly undervalued for what it has to offer in the future. And my projections are best guesses. There is a presentation at 8 it will be interesting to see how people react. So far the shares are up quite heavily not that they shouldn't be like i said way too undervalued--again my opinion.
all in all there is more to look at vs share count and immediate revenue a whole lot more.
good luck everyone.