RE:RE:RE:RE:Great acquisition First, I think the acquisition and all the levers that were pulled to make it happen shows how determined GDNP was to make this deal.
I'm surprised how much buying support remains in the + $0.60 range. It speaks to how well Paul has done the deal.
If anyone hasn't listened to the call yesteday I urge you to do so. Paul is on a mission, and he's no penny stock pumper. He is putting together the pieces to make GDNP a North American (if not global) leader in producing packaging products without chemicals of concern (as he puts it).
Will we make a $1 before year's end? I dunno. Because we're on the venture exchange the next financials, which will be audited, will not come out until the end of April 2021. That's a long time from now.
No doubt there will be press releases of deals, perhaps siginficant business transactions (new clients, new orders, new products), and likely a pre-release at some point between now and then - but it's still a long road before we get final 2020 numbers.
On the positive side, there were a lot of houses on the call yesterday and they are likely going to be improving their coverage and also putting GDNP into their clients' portfolios - maybe that's where the support is coming from right now.
jermoguy wrote:
Thanks for the insight. I thought maybe the dilution would be baked into the stock price yesterday, but I don't have much insight into the mechanics behind what happens in the background.