Saovnow, give it 6 months or even less and you won't care whether you bought at 13, 19 or 10 cents. The day traders are all over it now quite clearly and let them do what they do best
Mitzu, the reason why the stock is trading where it is, is purely due to some recent holders losing patience and the business not showing much in the way of growth or efficiencies since the purchase of living social, the last quarter was the worst in regards to top line growth.
But what needs to be remembered is that this is a new business with a very short term history, patience is needed and there are very good signs of progress of late if you read between the lines, the other benefit is that at $50m market cap there is the absolute rock bottom true valuation of the business without it going belly up....... which was proven when it dropped to below 10 cents and the immediate rumours about interested parties looking to snap up a stake, by none other than it competitors who'd know best on what their assets are worth!
E88 Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held