Q4 Inc listed at $12/share and raised $100 million when it IPO'd in 2021.
The lowest it went was $1.88/share.
Their latest play is....getting acquired for $6/share by a PE firm.
Only way to have made money on a bunch of these stocks and poorly-performing companies was to short right after IPO and to go long when they're 1/5th their IPO price until they're acquired.
Making acquisitions to artificially boost their numbers, their software has not improved in years. Their recently announced layoffs and "back to office" attitude will help them get costs under control, unfortunately their product will not improve and they will have to increasingly rely on sales tactics and lock-in, an Oracle-lite strategy where the current...
