Kontrol Technologies Corp N.KNR

Have we found the bottom yet?

[Pilotboy246]

Seems to me the 5% loss per day is still in full affect.  Where is this so called core value level?  Personally I see it trending toward the $0.50 mark, doesn't seem the downward momentum can be stopped.  Without that miracle sale of course.

[Edcando]

  one could hope!!!!!!!  I know it's hard to do when one is frustrated and lost faith but it would be hard to find a more obvious candidate for a averaging down. Doesn't matter how low it goes it will reverse on the run up to HC results regardless of whether those results are good or not. The lower she goes now the further my money goes. Last buys were at $1.10 and $1.06

[v_guerriero]

In situations like this, stocks tend to find a bottom at book value.  That is 0.50/share and is technically where it is directed.  You typically see a demand support at even numbers at a $1 as people average down at those levels. Here, you have also seen more than 60% of shorts covering at these levels as most don't want to remain short on a penny stock.  Now that most of that

[canyousayiii]

I think there is zero shred of evidence that "book value" plays any role in microcap valuations. I've seen plays with negative book values having market caps in millions and tens of millions. I have not seen many situations like this - slew of relatively positive NRs while the stock continues to slide. I have however observed that one specific news can kiss all the technical analysis

[v_guerriero]

Not a microcap company, but there is a long list of garbage stocks on these poorly regulated exchanges that allow shenanigans to go unchecked.   I mean if Elizabeth Holmes of Theranos could lead a cover up to a company valuation of 9 Billion, why couldn't this company make sh!t up as well.  And think of all of those well accomplished investors that had an inside look at the company

[canyousayiii]

I agree there. The graveyard of VSE, TSX-V, etc, companies shows the poor investment grade that public is exposed to and tons of examples of carp that had no business being listed. Regulations are there for optics - far too many investors naively think that they have some effectiveness in protecting them from shenaningans. Deterrents are weak, we have to rely on the integrity and due diligence of