Post by
PhDtrader on Apr 08, 2021 2:38pm
Consolidating around 1.75-1.85
Hoping it holds!
It's right where EATS share price consolidated mid-December before a spectacualr rise to $4.50.
Consolidation thanks in part to news that portfolio company Turtle Tree is taking steps to scale their mammalian milk technology into commercial production and (to a lesser extent) of Sing Cells collaboration with the University of Singapore to evaluate and license their plant-based microcarrier technology.
We hadn't yet heard anything from those companies so its nice to get those updates. Both are worth watching. EATS only has a modest $150,000 US in Turtle Tree and $113,800 in Singcell but its the only way to get a piece, both of which have easy 10x potential over a several year timeframe. They have an extremely favourable start up environemnt in Singapore with lots of subsidies and support from government.
I emailed EATS and they responded they will provide an audited financial report at the end of April, this month. I'm still not sure it can tell us much with respect to investments in the private firms - so it might not change much. For that we have to watch the news and patiently wait their IPO's.
Good luck!