I can't help but think our resident covid pumper is having a positive impact on the stock price. I think he may be onto something. But if you're going to invest in this stock rather than looking for a flip I think you should look at the fundamentals. Three months ago PKK came out with a three year forecast (numbers below). This was at the height of the virus outbreak in China and there was uncertainty. Since then PKK has confirmed increased activity on their platform and new deals, involving and not involving Covid. So these numbers are probably low.
In this forecast that's probably low, we're talking about EBITDA figures that could support 10 times the current stock price if you're patient enough to wait and see it through for a year or two.
Peak Releases Three-Year Forecast Projecting Rapid Growth and Increased Profitability
Montreal, Quebec--(Newsfile Corp. - February 18, 2020) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today released its revenue and EBITDA projections for 2020-2022, which are summarized in the table below.
| | 2020 | 2021 | 2022 |
| Revenue | $40,000,000 | $55,000,000 | $80,000,000 |
| EBITDA | $4,000,000 | $22,000,000 | $55,000,000 |
The projections for the upcoming three years were adjusted to reflect the developments that happened in 2019 and what has transpired so far in the first half of Q1 2020, including the effects of the coronavirus on overall business in China.
Montreal, Quebec--(Newsfile Corp. - March 16, 2020) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that recent activity on its Jinxiaoer loan brokerage platform has seen a noticeable increase in the last week with an influx of new users and loan requests.
Although most businesses in China have now resumed their operations following the COVID-19 outbreak, people are still doing their best to limit non-essential travel, group gatherings and face-to-face interactions. This has benefitted certain businesses, such as online food delivery services, that have seen an increased demand for their services. It would appear that the services provided through the Jinxiaoer platform also fall within this category.