The company was founded in 1997 and was known as Stratatel. In December 2013 it changed its name to JCurve solutions.
Since 2013 (seven years) the share price has gone from .051 cents to today's price of .024 cents.
The one success achieved has been paying the board, CEO's CFO's and employees some millions in wages and fees over the years. The cash balance of the company has remained relatively secure over that period.
Now, it is a public company with shareholders who do not get paid on the way through but get their reward by a gradual but continual increasing share price over time.
This has not happened. In fact, the opposite has occurred. The share price has diminished over time to the point where it is now illiquid - no interest from buyers apart from share price offers that value the company on the cash in the bank.
If their intention is to keep operating within the confines of being an agent for Netsuite, then the existing share price will remain within the current levels with maybe a minor bounce on limited volume.
They are one of many agents providers for the Netsuite range of products within the markets they operate plus have competitors providing similar solutions. The overriding factor is they have no control over product pricing/profit. That is dictated by Netsuite.
If they had an exclusive distributorship arrangement and were turning over $35m plus and growing, different ball game.
They are not and from my assessment never will.
So retail investors are not interested, institutions are not interested due to the low revenue - who is left to move the share price.
Nobody.
Investors will throw money at companies that control their own destiny and are developing a product/technology or service where they control the profit margins and total marketing package to the end-user
JCurve had the opportunity 4 years ago to prioritize their own destiny with the pursuit of opportunities such as Riyo and the like. They choose to head for the security blanket of Netsuite to create a set of numbers.
They have the numbers but a company that has become one of the agents appendage to the billionaire Larry Ellison.
What a waste.
imo
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