Post by
Smokey1958 on Jul 04, 2022 7:18am
No Need to Jump
While it's easy and some would say justifiable to criticize Steve for the debacle of the financials (third year running) the reality of the trading has to be considered before half baked ideas as to the demise of the company become roundly accepted.
There were 22 trading days in June and only 4 of those exceeded 100 trades. Almost half of them were below 50 trades. Many of those trades involved share volumes well below 5000 shares and thus below $500 ....hardly a reflection that there was, is or will be a mass sell-off or that overall sentiment is changing. Does Steve have much to answer for ....yes. Is Medisure punching well above initial expectations ....it appears so. Has covid testing at the port of Vancouver exceeded expectations ....absolutely. What's going on with the Medi Collective ....who knows.
There are pieces to the puzzle that Steve certainly needs to put together ....and there is every indication that this will happen.
In the meantime while falling share prices are the perfect storm for bashing and complaining there is nothing to indicate from a business perspective that the sky is falling. Hopefully the financials, both annual and now quarterly as well, will put some of the uncertainty to rest.
GLTE!!!