500 shares at $.18/share

By: Robert Grosshandler | February 19, 2019

Last Friday, somebody paid $.14/share for RWRDP. Today, somebody paid $.139/share. Then, somebody else paid $.18/share. While you’ll keep hearing me repeat that iConsumer is a long term investment, that it really isn’t appropriate to try to “trade” such an illiquid and volatile stock, I’ve got to be honest and say “It feels really good when the stock price goes up”.

To be clear, our market capitalization jumped to over $18,000,000 on the strength of a 500 share trade … somebody invested $90 and that’s what happened. Proof that while it’s fun to watch, it’s not yet meaningful. Remember, it was only a couple of weeks ago that somebody paid just $.05/share for the stock.

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