Like I mentioned earlier, I was not able to hear the entire call due to some family interruptions. From what I did hear, it sounded a bit
"busy"...although, I did like Dan Hoying's comments for the most part. Personally, I thought there were too many people on the call with the opportunity to talk, thus drowning out several peoples comments. What was you take?
I personally think that NBMX is worth more than 14 cents/share. I mean, from what I understand, the company is making money...but there are tons of angry shareholders involved who have no emotional/financial stance with this anymore and are waiting to unload. Plus, most folks have no clue as to the structure of the company, business plan, etc. Unless their IR/PR campaign is targeting a completely new investor base, we could remain at these levels for a while. Moving the company forward without causing further dilution is a key, but we have to remember that these folks are new to running a "public" company and have made mistakes. I'm sticking around for a while...after averaging down, I still feel like a nice profit can be made...it just takes time.
If this IR/PR campaign is worth anything, then I expect this stock to drop a bit so their key players can start accumulating a position at the cheapest possible range. Once they start accumulating, we should see big blocks of stock going through. Couple this with their "friendly" market makers and we could see this thing run. On the flip side, this thing will drop off and it's "put up or shut up" time for NBMX. Obviously, I am hoping for the run up... |
