Everyone I talk to loves the story.
Apparently, UNXL has a new touchscreen technology that doesn’t require rare earths and is flexible, awesome and is going to change the world. The only problem that I have with the company is the fact that the stock is going to drop by 75% inside of 12 months. The same bozos who were pushing MVIS years ago are pushing UNXL today: MDB Capital.
It’s not that MDB is a bad company or thrusting frauds onto the public. It’s just that any honorable company worth its salt doesn’t hire them for investment banking. I can run through a list of names that have shot up, under the auspices of the MDB pump machine, only to come crashing down later in a flurry of punitive secondary offerings.
Remember, the goal of a company like MDB is to raise capital for their clients. They are concerned with fees first, shareholder value second.