Q: I know it's small and below your radar, but oam seems to be trending upwards. Does it have legs? Would you be a buyer? Thanks
5i Research Answer:
Market cap was only $15M three weeks ago, but with a 2024 double is now $30M. Essentially an esports/social media company. Excitement has come from the sector but also as the company recently bought two other companies. It is expected to report $16M in revenue for the year just completed. It has $9M cash but is losing money and has negative cash flow. Insiders own 16%. The CEO is a former stock analyst whom we know, and has transitioned over the past 20 years into a tech entrepreuner. It has some decent shareholder backing and we do find it interesting, for those on the extreme risk scale. Note though this is not a suggestion to buy.