SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Fonix:Voice Recognition Product (FONX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nancy McKinney who wrote (2253)7/10/1999 1:16:00 AM
From: Hunter Trout  Read Replies (1) of 3347
 
<<So, they won't take notice until it's 5? Is that what you're saying? >>

No, that's not at all what I'm saying.

In my view, a "penny stock" is defined by substance, not by share price. If a company is being floated on an endless stream of vacuous press releases in lieu of performance (and especially if its officers are dipping into the red ink to overcompensate themselves), you've got the makings of a penny stock whether it's trading at 12-cents or 12-dollars. Whatever the price, why should the street take notice if there is nothing substantial to report?

It may also be useful to remember that Fonix cannot indefinitely continue to trade at current levels without facing delisting. Penny stock companies in this situation will typically respond by pursuing a reverse-split. Despite the rosy scenarios painted to get stockholders to agree, the fact is that post-reverse-split prices usually drift right back down to or below pre-split levels, leaving one with a mere fraction of an already decimated investment. I guess we'll all just have to stay tuned on this one.

You can decide for yourself what type of stock Fonix is, but keep in mind that it has gone from current levels to a high of $12 based on nothing more than a promise of technology that has yet to materialize (which, of course, is why it is back to current levels).

HT
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News