RE:RE:RE:RE:''Beena has much of the inhouse cleanup done ....'' With a financing off the table following the debt restructuring, what are the other variables you are focused on besides the financials?
Pedal2themetal7 wrote: So far the new CEO has shown great leadership qualities, not afraid to implement directives/protocols to meet the challenges of this new and evolving industry.
But the main ingredient is still missing from their arsenal, strong financials. To date Supreme has been a disappointment when it comes to financials, on paper they appear to be a winner but so far they haven't delivered.
If they can show a solid Q1, followed but steady growth, this stock will gain traction, and SP will reflect their true worth, but if they keep on failing to deliver, Supreme is going to be the typical 1st round pick who never lived up to expectations.
It doesn't take much for a penny stock to gain traction, and if the current CEO delivers, she'll be able to maneuver the current share structure without RS etc. Only need to show profability, and instill confidence within the investing community that they can deliver on a continuous basis.
The current CEO seems to have the qualifications to help this company become a competitor, but in this volatile and unpredictable industry, plus their penny stock status anything can happen.
I keep it simple with penny stocks, it's either they get off the ground or fold. If they get off the ground and move up to the next tier I don't mind adding technicalities to my approach, but at the moment this company is at the mercy of too many variables. The current CEO seems to be making progress, 2021 could be interesting. IMHO