Trifecta of garbage......This is the Ryu legacy of Pump & Dumps created over the last 5 years to enrich those in mgmt and in control of the company. These include Datametrex, ScreenPro and of course our little own Graph. All of these companies created & setup with a sole & single purpose, to jump on the latest trends in the hopes to profit greately from the investor FOMO that follows it by using the diverse tools a publicly traded entity generously porvides. Make NO mistake folks, these people NEVER had the intention to really build any sort of real business which actually brings value to s/h over the long term. It was NEVER their goal. But i will expose them for what they really are.......
Now before folks jump on me for what they believe is bashing, trolling or a presumed shorter, please be advised that i ACTUALLY was quite upbeat with Graph's business model and rec'd folks buy into this not too long ago. For those that don't believe me, just look at my previous comments regarding this investment. Anyone who wanted exposure to Crypto, specifically Alt coins BUT didn't want the headaches or risk involved with buying them directly, Graph Blochchain was a suitable, reliable & cheap alternative. At THAT time of course, but not anymore! The company had invested in various Alt coins, especially the all popular Cardano and started dipping its toes in other apsects of Blockchain & defI. My oh My.....how things have drastically changed.......
So why the 360 on my part? Well for starters and to keep this commentary short, one only has to look at the company's mgmt past and the eventual (destructive!) decisions made by them in other companies. The fact that two other companies aside from Graph hold at least 50% of the SAME managers/BOD AND they've used the same (desturctive!) template to reach their greedy goals is quite astonishing & revealing. Like i've mentioned before, i was one of the very few investors who was quite aware of the Datametrex connection and the risks a company like Graph could pose for an unsuspecting investor. So i knew full well the risks before i even bought my first share, which i more than i can say for the majority of folks here or most s/h. The Datametrex Saga should be a "required reading" for any investor interested in this company BEFORE attempting to buy and taking a position.
When one actually gets "informed" by the real facts and what had transpired at Datametrex or ScreenPro since inception, you will finally "get it" and be aware of the risks you are about to embark on by buying anyone one of these companies. So when someone asks me "why did you turn so negative on Graph Mrmomo?" you will fully understand why yourself. At least anyone with a level head, some common sense and an unbiased attitude will. And then there's that little creative idea Graph mgmt is trying to slip under the noses of unsuspecting investors by splitting up the company. Which for me was TRULY the final nail in the coffin. After some reflection & deep thought......of course.
For those that still "don't get it", the purposed company spinoffs by mgmt is a ruse, a trick and there was never ANY intention by company officials to give back ANY value to shareholders in ANY shape or form. For some who are still clueless might ask a ruse for what purpose? Like i've mentioned in a previous post, by attempting to jump on the latest craze in the intent to be opportunistic it has led to mismanagement, poorly planned expansion and not fully thought out acquisitions. Which in turn have bloated share capital to the point of no return and is hampering them from progressing in any meaningfull way........even preventing them to profit from it in any profitable way. Which i'm sure pretrubes them and most likely initiated the idea of spinning out the various divisions.
This unfortunate truth applies to all three of the bloated pigs, Datametrex, ScreenPro AND Graph. For our sakes, due to the nature of the business we still have some very small chance to recover somewhat, but the other two P&D scams, Datametrex & ScreenPro have absolutely no hope in hell imo. The s/h there in both companies seemed destined for certain doom and both these companies are unlikely to exist in the next 3-5 years. And if they do, it will not be in current form and most of the current s/h will be most likely completely wiped out by the devastating share consolidstions that will most definitely come......several times over. This is the fate of investors that are blindly willing to risk ANY investment in these dreadful companies. For Graph s/h letting a sigh of relief, we are not out of the woods yet, and being the "best" choice out of three horrible invesments isn't really saying much or really that reassuring.
So what to expect next for Graph? As mentioned before, had the company NOT made the decision to spin out 2 divisions, this stock would still be a little under a dime. Maybe even a little over it, if the company had tightened up the ship a bit. But we are not and we will be stuck at less than a nickel for a VERY long time. For those folks wondering why we aint moving, this is easy to answer. BEFORE the company decided to make the "idea" of spinning out the company public, mgmt, the bod & close insiders were all massively unloading stock at a crazy rates & levels. This my friends, is undeniable. So much so that it cut the share price bascially in half since insiders KNEW wtf was going on.
Let me make this as clear as possible to all the unbelievers & fanboys of this company. IF this was ANYWHERE near as positive as people think, the insider would have bought stock up and driven it in the opposite direction NOT down in the dumps. The fact that this trading where it currently is......is VERY telling of the dismal situation & what is about to happen. Imo, this tells us that Graph, the remaining division AFTER the spinouts is worth anywhere from 0.035-0.05 cents or about $15M-$25M MC. The rest or Babbage & the Alt coin business combined is worth ~$20M. Since we do not know all the details of how all this will play itself out or what ratios s/h get, i figure the stock price being where it is .....isn't good. In addition, there's a VERY good chance this spinoff comes with a reverse split or consolidation of shares. Probably one of the MAIN reasons why mgmt are trying to rush this through, so they can repeat the whole porcess over & over again.
The fact thst these guys JUST pruchased these divisions less then a year ago and now they want to relieve themselves of these very same businesses NEVER made sense to me. And it shouldn't make sense to anyone with half a brain & understands wtf is going on. Actions like these dreadfull decisions should always be questioned by investors to find out the true motivations behind them. And i think i clealy & in detail made that very obvious here.
I hope this commentary has helped you in some way with your investment decisions and will comment further when time allows or the situation requires it.
Good luck & god speed