RE:RE:RE:RE:RE:A clearer estimate of EATS actual value PhD, first of all I suggest you re-read my comments, there is nowhere in my post you are replying to where I singled you out as a pumper, if fact, I actually commended you for your speculative financial analysis, granting upon review of your numbers that my speculation of share price worth at .20 might indeed be closer to your conservative side estimate at .30-.40.
Further, using all technical indicators possible over various time frames on a 6 month chart (as T20 says ugly at best) the most positive support level I can achieve as a positive speculation might also be as T20 suggested somewhere in the 1.00-1.20 range, qualifying it only as without actual interm financials released.
Not sure where 1.60 comes from as far as my comments go, and to suggest hypocrisy of any sort due to the share price decay makes me laugh, what's next? Will you suggest my comments have become racist? You sir may indeed be a buffoon afterall.
So........since you opened the door in your reply, yes I do challenge your comments and offer my opinion back. By the meer fact that you defend this investment company suggesting you are still well in the green on your core investment makes you indeed now and in my opinion a pumper.
You say you buy and sell while maintaining a position, so have you been a net buyer or a net seller overall? Since the decline in price from 4.20 there have been roughly 7 declining share price weeks versus 3 rising share price weeks when combined. Starting with a 20% decline from 4.20 and a 10% rise, each subsequent decline has intensified to where the current decline steepened to 40% with a response of just 10%.
Seems to me unless you are a magician as a trader whatever profit you may have secured through buying and selling has likely not only been lost IMO, but the currently green core position has further eroded also. Now don't get me wrong if I was in the same position I too would be pumping positives of the company while glossing over it's sketchy deficiencies to maintain paper profit. In actuality, maximizing profit thru sale and rebuying closer to the floor when it becomes apparent might have been and may still be a better course of action if making money is the goal. That is the path I chose and so far it has been the right one.
Let's get the story straight again, EATS is an investment company, it produces nothing, has zero patents in vegan Bio Sciences and has no hard assets (Aside from desks and chairs lol), it has been born off the backs of mostly investor money, seen a quick parabolic rise in share value, and luckily all thru a very timely IPO.
And I quote, " Wall Street analysts have given (EATS) a "N/A" rating, there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but (EATS) wasn't one of them."
For me why would anyone looking to invest in the food sciences sector buy into an investment company instead of a company with an actual stake in food production and actual patented bio sciences? The sector as a whole is in a retracement or consolidation, but the good companies with an actual stake in sector have seen mostly reasonable retracements, not a freefall like Eats is experiencing and in researching insiders of various others for comparision I see mostly net insider public share acquisitions not 10's of thousands of public share divestments. As a potential investor I feel my intelligence is being insulted, especially when I see insiders granted option excerising them and immediatley selling them into the public market. Doesn't say much to me what they think of their OWN company.
I offered the link to the free portion for anyone to see insider trading on EATS or any other Canadian public company. Personally I pay for a subscription to Canadian Insiders so I see no redeeming value to posting all the insider trades since IPO but I will suggest now there have been many more sizable insider net sales in the public market than what you agreed I presented a link to.
I speculate maybe you are one of them choosing to post your rebuttals on Stockhouse to the few that actually read EATS bullboards. Until this management team of insiders show true commitment as reasonable net buyers and have full transparency to posting some interim financials for a real determination of net share value, I for one will continue to consider them just another sketchy junior board investment company start up, so far individually profiting off the very backs of those that chose to invest in it, by the public market. And for that, no consideration for me to rebuy until .20, or until posted financials suggest a higher price otherwise, or maybe not at all, thx.
I did not and do not suggest to stay away from this company, only to be very committed to full DD, expect management transparency, insider commitment, and regular interim (quarterly) financials before committing a dime. The IPO 10 bagger breakout rise is officially over.,IMO.
I believe I'm done now, my dedicated food sciences money is firmly invested in 3 other companies with an actual industry stake, cheers.