RE:RE:RE:RE:RE:RE:RE:RE:Is it possibleThe current CEO keeps on mentioning right sizing, cost efficient etc, which are necessary components for success, but at the moment shareholders don't know what the right sizing means. They initially projected 50,000 kg yearly, then down sized it to 33,000 I believe I would have to verify an IR response I received some time ago, and at the moment they seem to be stuck at 10-11 million. We all belive it is much more, but again no clarity has been provided.
She hasn't clarified what their newly restructured plan means when it comes to capacity, information shareholders need in order to assess a company.
We don't know the scope of the deal with Shoppers or Isreal. I do not expect guidance or much information from a mid to top tier company with a proven track record, numbers speak for themselves, but a penny stock with no traction, management need to instill confidence within the investing community.
No serious money will come near this company until they show what the real capacity will be and if they're equiped to move the product.
The company is continuing to be guarded with the information, a startegy I believe had a negative impact with shareholders.
If they continue to improve with the current small increments without more in depth information, it's going to be a long grind. Not a problem if investors don't expect much for the next 12-18 months. IMHO
I believe they will become more transparent as they keep on reaching some of their goals, it is understable to move cautiously, and I'm curious to see their approach and strategy moving forward.
The above noted is not a negative or bashing the company, it is being objective and understanding why the SP is not moving north. Investors are approaching this company with information and numbers available at the present time.
I like what the current CEO has achieved, like everyone on this board I'm frustated with the SP but not suprised.
For now the information and numbers support a 8 to 9 kg a year company, 40 to 45 million. I believe they'll double that by the end of 2021, but for now, it is what it is. IMHO