Post by
PeaceCountry427 on Jun 27, 2016 11:40pm
52 Week High
Hey all. I'm a relatively new follower to Frankly. Can anyone tell me what the specific catalyst was that dropped their share price from $3 over the past 52 weeks? It looks very attractive at this price. Thanks.
Comment by
lscfa on Jun 28, 2016 12:57am
There was no catalyst....RTO was done at a ridiculous price for a co. that at the time was pre-revenue and building an app.....investor interest warned....but the co. has now transformed itself by buying with the RTO proceeds a co. that generates $25 million US per year and is growing....
Comment by
PeaceCountry427 on Jun 28, 2016 1:16am
Thanks Iscfa. Appreciate it.
Comment by
opencurtain on Jun 28, 2016 11:29am
Every stock has taken a hit with the Brexit once that has worked its way out of the system we should see a nice rebound, this stock is a long hold but a great up side to it to any one who knows their tech stocks great idase lead to great companies..
Comment by
Joe454 on Jun 28, 2016 4:15am
This post has been removed in accordance with Community Policy