Calm before the storm
Such low volume this month, no insider buying allowed as well in the month of earnings release. Q3 earnings must be released within the next few weeks, I'm guessing the results will decide share price direction for the next 5 months. Fingers crossed we get revs in the 3.2-3.4 million range, lIke I am anticipating.
Comment by
Justin1 on Nov 17, 2021 2:55pm
Share price would explode if they post revenues that high for the quarter.
Comment by
Justin1 on Nov 17, 2021 2:57pm
What's your thinking for those revenue numbers?
Well someone dumped another 100k shares, weak price action going into results. Either something is up, or the market is just asleep...the bid ask spread is often absurd in this stock, indicating low interest in general. The one plus is that there was some considerable insider purchases at 18-22 cents in Sept/Oct
What were your expectations for revs Justin? It is quite clear they were going to have a massive boost due to the first full quarter with the DMS biz
Comment by
Justin1 on Nov 18, 2021 2:22pm
You know I completely overlooked the fact that the DMS acquisition wasn't made until late in Q2. With that in mind your numbers look pretty realistic. I'll keep my expectations a little lower due to their history of under delivering. Let's say 2.8-3 million revenues. I'll be happy to be wrong.