RE:RE:RE:8112 Ingenico Hey group, I've been watching this along the landslide and been here before the run up too.
FOBI is at a critical stage that many businesses get to in their story. The cash crunch! Has Rob positioned the company to keep the coffers up enough while waiting for revenues to catch up.
The lustre of cutting edge has worn off its been 3 years, the sticky customers are building...slowly. the big banner stores and pilots not coming through.
And yet there is something here. People are still buying in from treasury and not on the Market. Repeat customers, this board is still alive although miss seelow and the pumpkin.patch and some colourful banter.
As the entire market shifted from free money and insane valuations during covid. Back to fundamentals. Of course this would take a hit. It was a startup with nothing proven. Should Fobi survive the next 2 quarters the bottom will appear and .10 cent stocks become 1$ stocks. At fobis current valuation they would need a positive eps of ..01 to.04. At least that's what I figure currently. Anyone have a different eps valuation for us to get to a buck?
Depending on your investing strategy may be buy time. If you're already in its not far from the floor so why not hang on until the end.
Oh I think there was a popluar electric car manufacturer that was weeks away from bankruptcy during their cash crunch. I'll have check that though.
With cautious optimism I wait to pop a loop gin at Christmas time
A fobi bull and long. Really long. Glta and dyodd. Stay disciplined