TSXV:NSP.H - Post by User
Comment by
divot111on Mar 04, 2022 4:28pm
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Post# 34485046
RE:Feel free for anyone to fair value this undervalued stock
RE:Feel free for anyone to fair value this undervalued stockIf NSP actually starts to show some meaningful revenue that outnumber the losses the sky is the limit. Unfortunately that hasn't been the case for many years due to imho way too many pivots and bandwagon jumping. Example: Cavlintab.
Maybe this time things will work out but the financials are ugly imho and need to be cleaned up. Massive amount of shares outstanding. Massive debt. No updates regarding production line and production in quite some time. Denney's? Etc. I wish you all good luck but also suggest you lock in profits next time it runs. I don't see any catalysts or meaningful follow through yet. Maybe you guys do but next time they need to raise funds the dilution will likely be massive being the shareprice currently. If they do a RS they could at least raise at a higher pricepoint meaning less dilution. RS usually doesn't work out well though for the shareholder so hopefully that won't happen anytime soon.