Post by
Tradinghands on Nov 07, 2024 6:56pm
I now know what this stock reminds me of...
There was a company called BRE-X that traded on the NASDAQ in 1997 and the similarities are remarkable. Both companies share price is hugely overpriced and BRE-X had no real value and it collapsed. This stock should continue to sell off and its a way for the shorts to make money. Trump is laughing all the way to the bank on this one. And he'll figure out a way to use this as a tax write off. Why would anyone see value here?
$6Bil marketcap
200,000,000 outstanding shares
Quarter revenue of $1Mil
12 month 2023 revenue $4Mil
Do the math, true value worth about $0.01
Comment by
BlackBear22 on Nov 07, 2024 7:37pm
TH you are forgetting that they have over $600 Mil in cash and investments