RE:Our update on T-Bird (TPI.V)
The new management certainly has great tracking record and it is smart to jump into this business with T-Bird.
But, the current share price is overvalued. Because
1, Too little permits for overall production. 240K will only give you 1000000 in revenue. It is barely enough to cover the operation cost. You need at least 1000KG to be profitable.
2, The sales license has been lost and it takes extra effort to get it back. Working with health canada is not that easy.
3, The production data is still a far fetch.
The share price is at 0.46. It is risk is too high. Maybe a good bet if it go under 0.40.