RE:Wowyp01048 wrote: What a sh!t show. I have ignored this stock and just checked on it today. What a disappointment.
I'm sorry, even if the selling is some person or entity, they obviously don't believe in the future. We're sitting at .37 cents. A complete joke. NCIB not even supporting anything. Management brags about creating billion dollar companies, hello Tony this company has not been producing any shareholder returns for over a decade. Such a shame. Time to go. Get someone who can actually turn this around.
What a complete disaster
You're pretty much right on YP. Remember last year (Covid year) where we got the story how there was a great market opportunity for "remote" workers? I guess ROI got VPN'd out of that opportunity because other than mention of one small bank I think that whole opportunity flamed out. It seems we are now primarily a license plate company and at this point that is in a small portion of California. The other segments of the business that they expanded into are basically keeping the lights on but not much more and they certainly do not generate enough interest to even garner a news release. The security segment seems to be stuck in a cocoon and can't break out.
For ten years this has been primarily a 4 - 5 cent company (40 - 45 cents post consolidation). From June 2012 through to March of 2020 it held mostly in that range. There were low periods (20's and 30's) from March 2017 to July 2018 and again from Sept. 2019 to Mar. 2020. In April 2020 (there's that Covid optimism) through to May of 2021 everyone got excited and thought the Company had actually turned that agonizing corner as the share price even ran over $1 but lo and behold the euphoria has come to an end.
The share price on April 28, 2021 was 82 cents having fallen from $1.04 in mid-February and then a precipitous fall down to the low 50's in the early part of May, 2021 and now we're back below 40 cents again on no news.