Just Kitchen Holdings Corp V.JK

Opinion on JK.

[partystocker]

After seeing over a year of continuous bearish price action, I’m interested what will be the catalyst to spur a correction for JustKitchen (TSXV: JK)

The company has been rapidly expanding its operations over the past year, adding dozens of locations in growing Asian markets, and adding dozens more food brands to its brand roster. Despite this growth, SP has continued to fall. 

The company’s most recent financial report showed solid 3 and 9 month growth of 55% and 92% respectively. Retail order volume grew by a similar magnitude, while losses saw for these periods grew due to salary increases and expansion efforts. 

I assume the thing that will drive this stock into a bullish direction again will be solid reports showing revenue growth that outpaces losses. I don’t expect we will see this for some months to come, however, it is definitely something to watch for given the extreme discount JK.v is currently trading at. 

JK.v is currently trading at $.12, valued at $9.02 million. 

https://ceo.ca/@newswire/justkitchen-reports-financial-results-for-third-quarter

 

[GoodMonkey]

Still very overpriced at 12 cents. This will keep going much lower as they will soon run out of cash.  Insiders are not buying so why should you?  High risk of bankruptcy. You could lose everything really fast.  significant doubt... ....on the Company’s ability to continue as a going concern (b) Going Concern (continued): As at June 30, 2022, the Company had a working