RE:RE:RE:Part yes and part no The problem with your logic is an inability to see the connection of each to an overall focus and the WHY in getting there?
Taken out of context it might seem to some like a disparate group of entities as you describe. In context there is a connection and a purpose behind every move. After all it's not like they can't make money.
1. The first reality is that like many other capital venture companies Sparta started out at one thing, acquired others, took several different turns and then moved on from almost nothing to hiring John O'Bireck as CEO to right the ship. He and the current board of directors have peeled off the past while becoming essentially a "green" company. That is the "thesis" of their direction.
2. In doing this there are still remnants of old like the real estate development in Prince Edward County. The difference from old to knew is it will now incorporate a "green" development focus ...as relates to 1. It should also provide some capital to continue expanding their "green" technologies.
3. They are developing concurrent technologies with the plastics to fuel and the recycling of electronic waste. The fuel technology is connected to Truck Suite ...which is connected to 1.
4. The covid play was carried out to take advantage of a challenging situation for the company in maintaining a full level of operation for the employees ....which again was connected to truck suite through the disinfecting of trucks, buildings etc. Johns' altruistic behaviour to his employees is to be commended. It was a cheap solution that, based on the evidence at the time, was both appropriate and had little downside. If it worked, great and if it didn't it wasn't going to be a strain on the bottom line.
Sparta is an evolving environmental company with initiatives and technologies that represent that focus. That you and others jumped on the covid bandwagon without any thought to when you should jump in and the risks associated with that is unfortunate but not surprising. New technologies are always risky ...some will do extraordinarily well in the longterm, others will fall by the wayside. In the same vein, sectors will be hyped and then they will collapse ....companies within other sectors will be slow to begin and then, based on fundamentals and a solid foundation, will prosper.
Most believe the sudden jump in sp can be strictly attributed to the covid test play. Whether that's true or not has nothing to do with the company. A companies fundamentals are not always tied to reality ex. SONA and a $16.00 sp ....absolutely absurd. No amount of ranting or whining by anyone who has lost money on Sparta will change the reality of the TSXV over the last 3 months, the risky nature of covid plays or the potentential to make or lose money on almost any penny stock.
Imho, Sparta has the goods and is a reasonable longterm stock to have a position in. Anyone hoping to make a quick and substantial return on a covid company needs to understand the lay of the land before jumping in.
CHEERS ....and GLTY!!!
watchmeplz wrote: The point is, you can't even say the 2 business segments in 1 paragraph, you had to split it apart. Completely unrelated, different companies, and hvac, again another company, and covid testing, again another company, trucksuite, another company, electronic recycling? Yep, another company, nobody gets it, it's a hamster lost in its own hamster wheel. I originally got in (not anymore thankfully) for one thing only like majority whose here (according to the share price), approval for covid testing. They should of immediately spun out that company and funded it seperately and ONLY talk about covid testing and future sales contracts. Instead they mashed it together and never talked about the only thing that made their stock price fly. Even if they came out with a incredible hvac machine, do you think anyone's gonna care after this? What are you gonna do get funding for hvac and then ditch your other projects? Are you kidding? Covids over and there still trying to figure out which route to travel down, it's like a high school kid going to college saying he wants to be a scientist while taking cooking classes, it ain't happening for you chef.. 1 business, 1 company, 1 focus, sometimes a good idea isn't a good business, lost on a hamster wheel is where this will forever stay. Good luck to all
stormnp wrote: Hi Buda, thank you for having an intelligent conversation. To me, the biggest long term play are electronic recycling and building energy efficency retrofit. Take a look at the massive government subsity for improving building energy efficiceny. However, i can not find any info about how much revenue and profit electronics recycling plant can make. Not much data.
For the covid pathgen spary and truck suit software, they are just nice to have. People will quickky forget about it once the pandemic is over. Hope SAY can prove I am wrong.
https://ca.finance.yahoo.com/news/federal-government-launch-2-6b-080000558.html