Further discussion on RR
Uncle Investment Daily
Why did I dare to buy when it dropped to 0.50 in RR again?
First of all, this company's business is stable, its debt is at a controllable level, about 3 million, and it has a liquid cash of 6.8 million. It has many major clients, including hospitals, sports fields, and walmart, among others. In addition, a single major shareholder family holds more than 51% of the shares, completely controlling the company and its interests. The most important point is that Nasdaq has a rule that if the stock price is below $1 for more than 90 days, it will be downgraded to OTC. Therefore, the major shareholders definitely want to push the stock price back to over $1 to meet their interests. Of course, there are risks as well, such as the major shareholders carrying out a reverse stock split, i.e., 10 to 1. This would result in losses, including for the company's major shareholders. But I am certain that AI ROBO is a trend, so I am willing to take the risk; there are gains and losses in investments, and we need to know where the gains are and understand the losses in order to learn the way of long-term and stable investing.
Why did I dare to buy when it dropped to 0.50 in RR again?
First of all, this company's business is stable, its debt is at a controllable level, about 3 million, and it has a liquid cash of 6.8 million. It has many major clients, including hospitals, sports fields, and walmart, among others. In addition, a single major shareholder family holds more than 51% of the shares, completely controlling the company and its interests. The most important point is that Nasdaq has a rule that if the stock price is below $1 for more than 90 days, it will be downgraded to OTC. Therefore, the major shareholders definitely want to push the stock price back to over $1 to meet their interests. Of course, there are risks as well, such as the major shareholders carrying out a reverse stock split, i.e., 10 to 1. This would result in losses, including for the company's major shareholders. But I am certain that AI ROBO is a trend, so I am willing to take the risk; there are gains and losses in investments, and we need to know where the gains are and understand the losses in order to learn the way of long-term and stable investing.
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