RE:New to this stock....Whole long list of reasons........
1.) In Sept. / Oct. stock was hammered by an institutional short company. ( shorts went from 1 point 7 million to 29 million. Shorts are all out now, but they took advanatge of the "over buy price then of $3.70 "
2.) Zero coverage, following from Analysts , pros.. Only small retailers like me, stuck around and many got bored and sold.
3.) NONE of the press releases ( of which there have been almost 100 ) suggested how much cash is generated to top and bottom line. NO sign of profit yet. CEO is GREAT at selling the 'FOBI' product to customers but does not sell the stock to potential investors.
4/) It's on the Venture Exchange which has had a terrible year. Its called the Vulture for a reason.
There are others, that's enough. The Q2 is due next Wednesday. It wil be a record but still
small in actual quarterly flash cash!