QContinuum1 wrote: okgonow wrote:
QContinuum1 wrote: This DEA decision is great news for the sector and maybe even for LABS. But it doesn't matter whether Pidduck goes on BNN etc etc and sings from the hymn sheet or not.
The only thing that ever has mattered for LABS is results. LABS has never benefited from hype and that won't change now. We're not looking for John Q micro-investor retail guy, we're looking for institutionally deep pocket types and they will only come once the numbers story makes them look twice.
If Pidduck and Hunter aren't liars, that time is within 6-8 months.
lol ok so your not looking for people like you and me to take a position in MPL because of the potential this company has???
moreover if more people like us don't take positions in MPL and get the price higher no institutional investors wil be interested in MPL. The stock needs to be above $1.50 consistently for an institution to take notice and with a $1.50 SP you have to have the revenue /profit numbers over multiple quarters to go along with it. Yes then maybe an institution will take notice but they will want their shares at a discount I'm sure so unless MPL needs cash quickly for an expansion or something like that and do a PP giving them the required discount they may still not get in.
that will take more than 8 months in my opinion
I would bet on a bigger player coming in and buying us out as a more likely scenario
Not sure what made you think I don't want people to take a position in LABS. I simply stated that a marketing campaign isn't going to do anything for the shareprice as I do not naively believe that retail buyers would drive the volume to drive the price higher in any material way.
Further, I never explicitly said institutions, I said institutionally deep pockets, which means NOT retail people like you and me, but high net worth individuals that trade on more than Twitter and Reddit posts. So no, I don't believe that people like 'you and me' will cause the trade volumes to be the millions per day which is what is needed to get the SP moving.
And finally, I never said that it would take 6-8 months to get to $1.50 (which is your assumed number it seems), I said it would take that time to get the deep pocketed persons paying attention since, it is within that timeframe, LABS should be profitable and both top and bottom lines trending positively; if Pidduck and Hunter are not liars.
I'm in this stock to make real money and not flip it for a measely two or three banger. The people that will invest the money needed to drive the SP to the levels I want, let's just say they don't care about Keith's Twitter posts about his marathon and will absolutely know when the right time to invest is long before people like 'you and me' do. When that happens, it will be obvious and will not because they found out about LABS through a SH video or G&M ad. Blue Horseshoe loves Anacott Steel.