Disappointed with the charts but still waiting patientlyFirst time post here but I've been watching and reading since I first bought in May 2018. Thanks for all the contributions from the longs with your continued posts and updates with your messages from Sam. I attended the AGM back in June and have added to my position (somewhat large now) but should have sold like stockbull did and bought back lower. My original entry point was about 20 cents and kept adding to my position and at one point bought last year at 12 cents. Instead of selling I've been buying on the way down and now I'm below water on my dollar average but still considering to buy more if this pulls back below 15 cents.
I'm a bit disappointed as the contracts and revenues are behind schedule and revenues aren't showing positive EBITDA yet. If GROW gets any big contracts this should pop fast but like any microcap stock there are risks. The insiders are still holding and it's the main reaon I'm staying longer on this company. I spoke to Sam at the AGM about the Alpha North deal and they were the main reason the stock went up but also the main reason it came back down when both parties couldn't come to terms. The bigger issue is the lack of volume and it will need some form of institutional backing to get this train rolling.
The company needs sales and exposure to the right movers and shakers to make this company grow... it won't likely stay in Canada if it becomes international in scale (though I'm a proud Canuck it just doesn't happen because our market is too small). I also don't believe GROW can take their tech and IP anytime soon to the Asian markets as they will not respect their patents. The US would be our most likely main entry point in the short term and hopefully HC can get their act together to at least give them a small push start. I've always felt this was a sleeper stock and hoping my hunch is right as this is my dream of the next Scotts Miracle Grow :) I'm hanging on and hoping for positive news by first quarter of 2020 or an early Christmas present this year. GLTA