EnXnet statement may grab attention

 
BY STEVE LACKMEYER | Published: November 14, 2010    Comment on this article Leave a comment

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8230; From any point of view, it was just a terrible year to be a shareholder..”

The challenge, Dollarhide said, is the ongoing struggles in the economy.

"In sectors like technology, ones that cater to the consumer discretionary market, they are much more susceptible to hiccups compared to a food, beverage companies or even a retail chain.”

Dollarhide said EnXnet has "very cutting edge technology products” in terms of DVD formatting.

"I could see why investors might want to get in at a low price and see this as the next great local emerging company,” Dollarhide said.

"Anytime a company is under a dollar, it's there for a reason. It might not mean it's about to go insolvent; there might not be a lot of interest; they might not have the name (recognition). There are hundreds of thousands of penny stock companies competing for attention. And for a Tulsa company, they might get a better reception from local investors.”

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