OTCPK:APHWF - Post by User
Comment by
zalmonellaon Jul 02, 2021 1:05pm
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Post# 33484916
RE:In at 2.75
RE:In at 2.75I bought in at $2.75, insanely cheap company with 61 cents a share in cash.
Heh... well it looked even more insanely cheap in January when we were at $4 with even more cash (which you should value at 1/2 for E/V purposes) and with a whole load of catalysts for more sales.
But now, COVID is essentially over, which was their big driver, they've got a bunch of stock in the warehouse they have to dispose of that can't be sold, and there's no new catalysts for development, and a bunch of big shareholders who want their money out.
The only good thing is the principals have a lot of stake in the game. But I think there's 2 quarters of hurt here before any good comes of this. You might have been a bit early.