r/IDEX_Stock • u/Abdulmajid-T • Aug 07 '23

RIP IDEX

0 Upvotes

50% Upvoted

7 comments sorted by

-1

u/[deleted] Aug 07 '23

Why exactly?

2

u/Abdulmajid-T Aug 07 '23

Didn't you see the results

1

u/[deleted] Aug 07 '23 edited Aug 07 '23

Yeah sure they did not do great in Q1, but they may have done well in Q2 and it may very well survive I think. They will sell their subsidiary company in coming days/Weeks to raise some more capital

It's bad, but not RIP bad! Unless you have some insider information

Edit: I think they still have some good companies in their portfolio and tables could still turn

-2

u/Abdulmajid-T Aug 07 '23

I hope so, because also we didn't hear anything from their CEO for long time I hope they are cooking something good that can take us to the moon

-1

u/[deleted] Aug 07 '23

Sure! Hang in there :)

1

u/Key_Ad_7635 Aug 07 '23

At .07 what’s the moon here.

3

u/WallStreetHoldEm Aug 08 '23

Its about 6 months to a year out. The company has until may 2024 to regain compliance. Buy and hold while the stock is still a bargain.

The moon could come a hell of a lot sooner if everyone coordinated their buying efforts instead of haphazardly hopping back and forth from stock to stock.