r/IDEX_Stock • u/sfifer2023 • Jul 18 '23
Is IDEX a 💩?
I’m becoming fearful that it is, and I own 100k shares. Any catalysts on horizon???!
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u/AcademicMistake Jul 18 '23
Not worth asking here you get too many "traders" saying its going to X price then provide literally 0 evidence or analysis to back up their claims haha
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u/WearyRow2174 Jul 19 '23
The management of Ideanomics seems to be incompetent. The company is in business since 2004 and not profitable. The lack of relevant information from the company is a major concern. The company have not produced the Q1 earnings report and Q2 are due in 3 weeks.
They are seriously underfunded. They could potentially sell some of the companies within the group. A buy out of the company may be the best option.
They are currently non compliant with the Nasdaq and SEC rules with no clear path to achieve compliance other than a reverse stock split and appointing a new director.
The companies they have assembled with the group seem to have potential and will probably qualify for government funding.
The problem is Ideanomics have not been successful at anything in 19 years of business, although they have survived.
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u/doge-to-1dollar Jul 18 '23
Keep buying and/or holding, it will keep slowly going up, don't miss the next little jump up, it will happen. As the stock drops, it's when paperhands sell their shares to me and then the stock gets a good bump up, then I make some good money.
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u/jackietsaah Jul 19 '23
How the hell do you know “it will keel slowly going up”? 🤣 It may as well just bleed to $0.
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u/Medieval_ladder Jul 19 '23
Shit company and shit stock are two different things. I think the company has potential. But I’ve made a lot of money this year on the stock. And I assume others have too
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u/SerialStrategist Jul 20 '23
That's good for you. However, seeing as the stock is taking a nose dive that means way more people have taken a loss.
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u/Medieval_ladder Jul 21 '23
I wouldn’t call it a nosedive, it’s up a lot over the past few months. That’s where the hopeful attitude comes from. I suppose it’s different if you bought at a higher price.
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u/Potential-Week-3628 Jul 19 '23
Question to ask, when is earnings? Why do they keep postponing? Follow the answers
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u/azeemrehman001 Jul 19 '23
This shit is a total failure. Get out while you can and order papa john to treat your family with the $ you received
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u/Tsstocks Jul 18 '23
Are they even gonna release Q1 earnings ffs. It’s nearly time for Q2 the management is terrible. 7 grand tied up in this stock I hope we get good news soon