Ah I thought the ipo was .55 that's why. Surprised because I originally bought in at .63 so there's been a lot of variation in the past couple weeks.
Shortly after the IPO, it appears the majority shareholder of Cognitive tried to dump almost the entire stock @ .55. The bid's still there, without much eaten. Massive askwalls like that create strong downward pressure -- they're either dumb or malicious. Similar thing happened a couple days ago with Gigamining (on a much smaller scale in terms of % of total stock in the askwall). Giant askwall @ 1.5, and others who want to sell need undercut, while potential investors don't see potential movement other than down below the askwall. I'd love to take on more Gigamining @ 1.5, but a 4400 BTC askwall at the same price makes me wonder how long I'll have to wait to be able to sell it at a profit even though I think it's undervalued. With that said - if I had 4.4k BTC, I'd devour that askwall. Same with Cognitive.
It was 0.65 and has been lowered to 0.55 in the last few days. This effectively makes Cognitive undervalued, and a great deal for anyone who missed the IPO. I'm going to buy 10btc worth right now.
I'm planning on expansion soon, so let's try to take down the wall!
Edit: Cognitive has some extra funds just sitting in a wallet. Are there any objections to buying Cognitive shares with that with the Cognitive account thus increasing dividends?
Edit: I just threw everything I have at the wall, bringing it down to 2297.
I'm waiting on Dwolla's 30 day transfer, I plan to invest.