Nov. 7 at 5:10 PM
$FATN
They were sitting @
$6M cash as of 6/30 roughly
$0.42 per share... They are profitable and have a solid balance sheet otherwise
Per the CEO in recent interviews cash has been reserved for sales expansion -- primarily for increasing sales staff, which they have done.
With the low float, low volume, it doesnt take much for someone motivated to liquidate (for non business reasons) to infuence SP...
Im not crazy about it the price action, but we now have a discount from IPO for a company with an IP moat that their costomers appear to appreciate and catalysts to grow sales going forward.
Market is bumpy... this is a baby in the bathwater in my opinion... presuming they deliver on their sales expansion.