To the HODLersSure feel bad to the suckers that dumped into the 0.185 bid this morning... news is on the way for Monday morning and it is sure to be good. We have MUSA waiting to be fully operational again and of course what has the most anticipation that we've been hungry for since January: our credit facilities!
Keep in mind for those who were whining (on Twitter, for example) back in early May about "OnLy" getting $600,000 USD, keep in mind there's something hinted in that PR that can't be overlooked. It's the fact that "The Company has made a strategic decision not to draw down further funds at this time from D&P, which has committed up to USD $10 million, because it has sufficient operational funds. The Company is on target for commercialization of its virtual-transaction platform that allows consumers and automotive dealers to buy, sell, lease, trade and finance vehicles from any location, using their smart phones or other digital devices."
If the evidence was not overwhelming enough yet on how well this management can execute, then you must be living in a fairy-tale world, because this is an outstandingly run $15M (well now $20M) stock plain and simple. As long as the demand is going "as well" (in terms of quantifiables) as they say it is for their app, and given the environmental changes due to COVID-19, their business model can't be better positioned right now.
Just want to say congratulations for beliving in this organization and I think we will all be vastly rewarded within the next year. As someone who specializes more-so in short-mid term swing trades, this is something I want to keep in my portfolio for ages (taking profits along the way and trading the dips and rips) if management executes like I think they will and the trajectory of the rock-sold foundation they have built and shown us so far. Let's hope that continues.
Let's have an early celebration this weekend and hope (and likely) see the next step fall into fruition on Monday!