Post by
theinvestor22 on Oct 27, 2020 3:48pm
My take on today's NRs
Unfortunately, there is so much history and emotions here that most are looking at every new data point through a very biased lense. Me too, but here is my take:
- In the order of 2k devices were sold in fiscal Q3 and very little of the resulting revenue could have showed up in Q3 financials. And, 2k devices were sold in July alone. Other months are unknown, but all those purchases can't just be for stocking up. Maybe a few, but not that many. (The argument that devices are being sold to competitors doesn't hold any water with me.)
- Previous insider stock buy plus today's insiders/clients buy alligns everone's interests. There's only one reason why these parties would be buying.
- PP price was lower because Reliq is hardly in a strong position right now. I rather doubt it will be after y-e earnings come out, but guidance might be another thing and it's the future that matters here.
- Since the company already has onboarding staff, more is needed for a reason.
Comment by
TicTacTo on Oct 27, 2020 7:33pm
Livango revenue jump to $91M in 2Q CY20 from $68M in 1Q, without Covid RHT revenue will be same mess