Long time comingFinally had a chance to really go through the Q1 financials. This quarter proves what I have always said. This company's base business alone without all the extra expenses, is worth much more than what it is even trading at today.
Covid has forced Ceapro to limit certain expenses and focus mainly on their base business, and they walk away with a quartely profit of over $1 Million. Marketing and R&D expenses down, sales and profitabily up. This shows that the base business truly offers a risk/reward profile that has to be one of the best on the venture exchange.
The consultants was a nice boost to confidence in Gilles leadership and view for getting the company the best possible deal, which should be a huge boon for the share price and the company's future
PGX's ability is also coming to fruition. It is enabling so many different projects that it is almost hard to keep track. The best part is there are highly intelligent teams or individuals looking at each end use. I truly cant wait to see what this deal looks like and who's involved.
My view on timing this investment has been way off, but looks like this is finally taking shape and will become massively profitable. Regardless, I see this as a great investment and fantastic risk/reward opportunity.
GLTA