Interesting proposition, if the sale goes through bringing their cash balance to around 4.5-5 mill, the market is currently valuing their expense8 software which has existing clients and growing revenue at less then Zero.
The liquidity on this one could scare a few investors away, it dropped from a close of 8.9 cents to 4.1 cents over the course of roughly 2 months with a cumulative volume of 102 420...lol
Only 16 804 shares have traded under the 5 cent mark.
Seems like a decent risk reward trade off to me at the current price, little down side risk with the expected cash backing from the business sale.
8CO Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
