COYN is also down, what is happening to my trading lately???
COYN was able to secure 1.5M in funding, this funding issue was analysts number one worry. Running out of capital before getting your product out and selling strongly is the death nell of most small businesses. After the cash infusion they had comments redacted the cash positioning worry.
I picked up another 10K shares on this down-turn. Although Wall Street and the Investor dictate a stock price this product is absolutely great and on target with its niche.
We'll have to see what the yearly earnings statement looks like and any guidance. Also the 1.5M is supposed to help them clear a backlog of orders. I think if this ever gets the attention of the investor and they do any kind of due diligence this should reach back to the .35-.50 levels and form a new base. As long as the pump and dump scammers stay away.
Happy Trading
I am with you. Funding was the number one issue with this company. I believe it should be in the .40 range right now. And with an out of state contract of meaningful value, it should jump into the $1 range.
ReplyDeleteI love this company! Next TASR? I plan on holding until it gets into the mid $30 range. Give this company a federal contract and it will run like the wind.
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