Post by
bluemoons20 on Oct 26, 2021 8:41am
future outlook
Again , down on low volume.. Have been in this for a few years and still way under water due to rollback.
Would seem this stock does not get the right exposure. Seems to be a good product and getting adoption across the US , even though slowly (maybe because of COVID ??). But obviously not many buyers and when people want to move on, they have to sell into the bid.
Though it is a good product , the revenue is not great. Believe that currently the annual ongoing income is only about $5 milion. In this is a contract with the largest county in California. So this is a 'bread and butter' type of situation which does not garner the type of hype you might get from a bio stock with a billion dollar market potential or a mine finding a rich ore reserve.
Thus a contract for 5 years getting you income of $70,000 per year does not go too far considering your overhead and for the shareholders , an amount (after expenses and taxes) that has to be split 30 million ways.
With this in mind , the only real hope of major appreciation would be a lot of contracts in a short period of time or maybe a buyout at some semblance of a premium.
If the HS Pay could generate some 'real' money , that might help somewhat,
This would look to be a long term investment to see any real gains from here.
GLTA