Sep. 15 at 7:10 PM
$ONFO jumped into the mid 1s after the company declared a
$0.75 quarterly dividend on its Series A preferred. The news brings in fresh interest and the stock popped hard today.
Over the next couple of weeks I’m watching to see if momentum sticks and it can push toward 1.50 to 1.70. Fundamentals are still early stage with recent EPS negative, so follow through will depend on volume staying strong.
It’s a speculative setup with near-term potential.
