Investor10X wrote: dirtydzn wrote: I don't believe having 50% of MC is a requirement. It may look good but means nothing for uplisting.
Investor10X wrote: To put things in perspective, half of DM's current market cap is in cash! lol And cash is still king in a bad market. Marshall is also out of the office until June 30th.
The market cap shouldn't matter for uplisting, as DM is a profitable company and should therefore fall under those requirements.
My last post was to point out that half of the current market cap is in cash and if you were to put the value of what DM paid for MediCall and the EV vertical on top of that, the company is literally trading under that value.
As it stands we don't know what the revenues will be for MediCall as it is just getting started, but Marshall did say it was a "low overhead endeavor" and that they were already pulling in revenue. Keep in mind they have already got corporations and industries signed up for this. Many of these corporations and industries were the ones asking for what they are currently providing. As for the EV vertical Marshall was extremely clear in the last interview in stating that there was no way DM could have ever built what they bought for less money. And at this point we haven't even added in the value of the cybersecurity vertical, covid sales, the other potential verticals on the books (i.e. fintech, legal, etc...) and any of the land and expand work that they are doing for Samsung, Lotte and others.
I know the current share price sucks, but this is what happens in a bear market. Hindsight is always 20/20. If we all knew how bad the market would get we all would have attempted to sell out at 28 cents a few months ago. And not just part of your position, your entire position. Nearly every single retail investor in every single stock on every single stock exchange is thinking this. This isn't happening to only a few people, it's happening to the majority of investors.
Then there are those who have sold shares at varying prices on the way down and if they are looking to get back in then they are being given a gift in my view. However, if you sold for a loss then you must wait 30 days before buying back in or that loss becomes superfical and it cannot be claimed on your income tax. These are the chances investors take. For those that sold out earlier you're probably fairly safe to get your tax loss and reinvest in this stock if you are still interested at some point or invest someplace else. For others at these lower prices it starts to become a bigger and bigger gamble. But if you don't or can't see the value in this stock then sell and get out. Perserve your capital and look for something else to invest in when you feel the time is right. The gamble there is that it is very difficult to time the market and news.
I look at DM and I see a company with cash and revenue that is expanding and growing in a bad market. I'm a longer-term investor so I don't get too overly concerned with the day-to-day share price. I'm capable of adding numbers and the value of this company is over the current market cap.