On any metric the share should be way north of a dollar. The reason it isn’t is that it’s being held at this 50c level - if you analyse the trading – buy at 50 sell at 51. Essentially the market is being manipulated by someone – probably the 5% shareholder who is looking to make a lowball bid. Interestingly today the stock traded through the $.51 limit. The stock needs to punch through here – this is an ideal situation for a hedge fund to get involved with absolutely no risk and plenty of upside.
TIE Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held