RE:RE:RE:Not even 1cent up !!! Pedal2themetal7 wrote: Doesn't matter how people dissect and analyze this stock, it's a penny stock and unless they show strong financials, I mean 4000 kg and up Q over Q, it will keep hovering at the bottom.
I believe the 15 range would given it a little momentum but I don't anticipate much until Q2.
Penny stocks are extremely volatile and can go either way, with these numbers don't expect much movement. I'm not a short or a basher, I only call it the way I see it. At the moment there is no proof this company is more then an 8 to 10 kg yearly producer. The literature indicate a lot higher but to date they can't support their claim. With their track record of disappointing and sub par financials, strong financials is the only way this company will attract investors, and yesterday's financials doesn't cut it. This is reality.
IMHO
...really...this penny stock made over 29 million in quarter1...that is a dramatic improvemrnt...to produce 4000k you have to have the market or it gets burned and all the money to grow it goes with it. We know the quality is there (2 years brand of the year)...but there is a lot of competition to deal with and with Shoppers on board we are on the right track. Harpin and bithin is not constructive...then the penny flipping does not help..much especially when it is designed to shake weak hands...