Komo Plant Based Foods Inc KOMOF

Bid at 6.5 cents

[jermiah777]

I wonder if at 6.5 cents this has become a good entry point? Any thoughts?

[Mistersmiiiiith]

Yes, it is a good entry price. Komo is in its 'early' stages and management seem to be taking a lot of good 'building' steps to bring this company to maturity. By the end of this year their work should begin to pay off in terms of share price. They should have significant sales and revenue growth by then. I'm encouraged by a recent acquisition of a competitor (Sol Cuisine) for

[jermiah777]

I agree. I tried their Lasagna and their shepherds pie. I liked them as much as conventional recipes with meat in them. So I think they will eventually be profitable. My concern is when? They raised a million at 14cents. I assume that will help them expand. But will they need to do another financing before they are in the profits?

[Mistersmiiiiith]

Another financing is possible (short term pain for long term gain), but I continue to purchase/nibble shares at these current low prices. Kono has the goods (delicious) and continues to execute their Canadian and American roll-out plan. GLTA.

[jermiah777]

Incredible...I thought the bid at 6.5 cents would hold. But now it's down to 5.5 cents. They have enough success that it's not going to zero. So where is the bottom? I'm putting in another bid for 5c. I wonder if it will get filled

[SilverSam]

Jermiah, if you look at the 6 month chart, I think you'll be able to see your bottom.  You can see it much more clearly on the US listing, KOMOF.  The chart is showing a bowl formation, which should continue up to at least 0.055 cents on the US chart.  At that point, it may start to form a cup and handle formation, which will stall out the price gains for a period of time.