Oct. 25 at 10:00 AM
$EONR There is one reason why EON moves against sound logic and is thus perceived as a risky bet: it's penny stock status, which makes it an easy prey for manipulation. Manipulation is obvious by the intraday traded volumes, which may exceed the available float several times.
Penny stock manipulation is out of EON control. What it can do - and actually does - though is to build a high-margin, profitably growing business. The first milestone was passed six weeks ago and the share price rose 50% since then. Next few quarterly results, each one showing sharply improving revenue generation and, within six months, already a net profit, will inevitably push the share price higher.
What we need to understand is that we are at the first stage of a virtuous circle, which has already started. Improving business metrics will push the share price higher and, once EON reaches
$1.5 -
$2.0 in the next six to nine months, the push higher will accelerate with EON moving away from the penny stock status.
