VerticalScope Holdings Inc T.FORA

The "Corel" of Social Media Companies

[PitchinPennies]

Very interesting trading patterns at the end of last week: $16 bid against $26 (!) asked, with tiny lot offers going both way. At Friday close, FORA is down 46.6% since the start of the year.

The downward pressure is not overly surprising, since the IPO price seemed overvalued by a truly jumbo amount. The quarterly report coming this week is bound to be be interesting.

My main impression is that this was a winning business model 15-20 years ago, consolidating chat rooms without regard for how to monitize. Basically, FORA is playing Corel to Reddit's Canva: the 20th century vs. what has happened since. It's a legacy play, with no prospects except unlikely  acquisiition by a greater fool.

I was shocked to see that Fidelity put $50-60 million into this creaky old jalopy. Disappointing. I thought they were supposed to be smart.

[jcjohn36]

What did you think of earnings?  market liked it but on very little volume- seems to be an issue.

[PitchinPennies]

Thanks for asking, @JC. Earnings were ok, but I don't get this company at all. It still gives off the stench of Torstar, and I get the impression it's a papered-over slum shack waiting for a demolition permit. Beyond that, I don't know why this company still exists now that Reddit has eaten the lunch of every other organization in the online forum space.  You mention volume, and