VN8 I personally know the guys who run the company, they have genuine products and services to offer...... I also know the reason why it's growing in it's numbers, revenue and SME's onboarding as they are in partnership with a company that has a large distribution arm. This was a nice sounding announcement.
One would suspect it would be an Earnings Winner however with the chart at near 52wk lows and threatening lower prices I cannot see what the BoD are doing on this stock, that is running it straight into the ground!... Wish I could say more on this matterSomething is super nasty and unfortunately we always know AFTER THE FACT...
We can see prices being sold down after reaching a peak of 410% ROI's off the lows. Today, she's down more than -78% and looking terrible without an end in sight... On Balance Volume shows distribution, NOT ACCUMULATION! Tough position to be in considering I hold no biases, I do like accountability and keeping things real. The Board need to give me a reason to be an investor aswell. Reporting increases in revenue and a growth in customer base is all well in theory BUT the share price is still being SOLD DOWN which is unacceptable and obviously markets aren't buying it up either.
SENTIMENT: SELL/NOT HELD - BEEN WATCHING FOR A WHILE TO FIND A MOMENT TO GET IN BUT NO HOPE YET!
A derisked company with improving fundamentals still means nothing IF markets aren't catching bids or interest!
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