Jul. 25 at 10:22 PM
$XCH explanation to someone else about this stock
$XCH investor relations has been quite communicative with me since the complete annihilation of their own stock.
Just when you thought the chart of
$WLGS and
$OST was bad...look at this one
And
$XCH is actually a very well ran EV charger company with verifiable contracts with Hertz rent a car and Roadies truck stops.
The stock has been lingering for months going sideways and I sold it at a profit a couple of months back
The IPO lockup expired a couple of months ago and I have been putting pressure on investor relations to have the company perform a share buyback or at least have insiders show some interest in purchasing the shares at these levels. So far they haven't...
They actually issued a press release stating that they were not aware of anything material to cause such a price drop and that they were financially and fundamentally sound.
This only created a short-term bounce on the stock and it has been down ever since
