This shake out was called a year agoEveryone has their own style of investing, sometime there is confusion between investing and speculating. In my opinion a speculator purchases stocks with the hope he/she will see gains short term, meaning days, weeks or months, and an investor is looking for a steady return over the course of years or even decades.
The last two years has been speculative madness when it comes to this industry with only hype supporting this market cap and share price. The unsustainable SP is finally correcting itself, and the reckless companies strictly building on hype and false promises will crater and won’t have the flexibility to survive. Some of you on this board have not experience the .com boom, I have, and this is why I invested in this company.
People wanting to make quick money have missed the boat, the bubble burst some time ago and won't be back, this is now an investment, meaning it will take time.Anything can happen and there is no guarentee Supreme will succeed, but I sure like what they have done to date, and it is my opinion they presently have what it takes, strong fundamentals, top tier management/board, quality product and solid business plan. they don't let outside influences pressure them in making questionable business decisions. Have they made mistakes, of course we all do, but they own up to them and move on. They have always delivered, and I strongly believe Q3 and 4 will show what this company can do. I believe it will be gradual steady growth once they can show profit. IMO