Seven million – this is the number of shares traded yesterday. Why did this second all-time high volume happened for Telanetix, Inc. (OTC:TNXI) remains terra incognita for the outside observer. In this aspect, it is clear that something is going on, so it might be a good idea to keep an eye on this stock.
And as this seems a bit strange, so does the financial situation of Telanetix. Is it really possible to have the Fortune 50 as your clients and still stick with the sub-penny level on the stock market. Yes, the company does manage to show up some revenues, but the overall negative financial position is still a fact. [BANNER]
This is something that the board of directors can explain and since we are on this subject, it seems that only senior executives work in Telanetix. There is no information about current employees of the company, and there should be some technical staff, at least given the nature of operations. Who actually handles the Fortune 50?
Yet, all over the Internet, positivism rules in forums and discussions over the future of the company. Even if it does not become the next big thing in telecommunications, the right management moves can improve the balance sheet of the company, which would immediately result in huge increase in the stock price.
The above, however, is just a forward-looking statement. Both the present and the future development of the company and its stock are quite uncertain overall.
