Fibertower. FTWRQ
As the following post is going to demonstrate, I don't know shit about the stock market. But here I go:
This stock has been at 2 cents for several months.
This company is trying to stave off bankruptcy and there might be some hope they are bought out.
Their lawyers are trying to fight the FCC on some spectrum licenses that were revoked.
If they keep the licenses, a bigger player will likely buy them out and I could see the stock going up 10x or more. ($0.20-$0.50)
There is also a very real, and perhaps more likely chance that they will fold and the stock will be worthless.
But I figure if there is a 1 in 5 chance that they survive it's a decent long-shot bet.
:facepalm:
As the following post is going to demonstrate, I don't know shit about the stock market. But here I go:
This stock has been at 2 cents for several months.
This company is trying to stave off bankruptcy and there might be some hope they are bought out.
Their lawyers are trying to fight the FCC on some spectrum licenses that were revoked.
If they keep the licenses, a bigger player will likely buy them out and I could see the stock going up 10x or more. ($0.20-$0.50)
There is also a very real, and perhaps more likely chance that they will fold and the stock will be worthless.
But I figure if there is a 1 in 5 chance that they survive it's a decent long-shot bet.
:facepalm:
