Right all that debt finally got to SIRI in 2007-20
Post# of 96892
Posted On: 11/08/2015 5:30:14 PM
Right all that debt finally got to SIRI in 2007-2008 and
coupled with the economy turndown that's what plummeted
their stock to penny stock status. They had reported a
5 BILLION $$$ LOSS in 2008 alone and of course what
really sent the stock down was they seriously faced
possible bankruptcy.
This link shows how they got out of it though in the
financials from 2008-2012>
http://www.otcmarkets.com/edgar/GetFilingHtml...ID=9059696
The one thing they always had going for them was
RAPID REVENUE GROWTH. So even though they
raised the O/S from 1.5B in 2007 to 6.5B in 2010
The stock price still recovered from a penny stock to
over $2 a share by 2011 when they finally turned a
PROFIT for the first year ever.
The moral of the story here as it relates to NTEK and
ULTRAFLIX is as long as ULTRAFLIX shows it can
sustain RAPID REVENUE GROWTH in the months
ahead, which it clearly should do with $70 Million
forecast for 2016 alone, then the market will
reward the stock with a MUCH HIGHER VALUATION
than where it is today despite raising of the A/S
to its current 1.8B so far and maybe even more in the coming
months.
And again NTEK has NONE of the DEBT problems SIRI
had so NTEK will be PROFITABLE even in 2016 which
of course makes the revenue growth even more valuable.
coupled with the economy turndown that's what plummeted
their stock to penny stock status. They had reported a
5 BILLION $$$ LOSS in 2008 alone and of course what
really sent the stock down was they seriously faced
possible bankruptcy.
This link shows how they got out of it though in the
financials from 2008-2012>
http://www.otcmarkets.com/edgar/GetFilingHtml...ID=9059696
The one thing they always had going for them was
RAPID REVENUE GROWTH. So even though they
raised the O/S from 1.5B in 2007 to 6.5B in 2010
The stock price still recovered from a penny stock to
over $2 a share by 2011 when they finally turned a
PROFIT for the first year ever.
The moral of the story here as it relates to NTEK and
ULTRAFLIX is as long as ULTRAFLIX shows it can
sustain RAPID REVENUE GROWTH in the months
ahead, which it clearly should do with $70 Million
forecast for 2016 alone, then the market will
reward the stock with a MUCH HIGHER VALUATION
than where it is today despite raising of the A/S
to its current 1.8B so far and maybe even more in the coming
months.
And again NTEK has NONE of the DEBT problems SIRI
had so NTEK will be PROFITABLE even in 2016 which
of course makes the revenue growth even more valuable.
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