GREY:ARDWF - Post by User
Comment by
dsarkon Jun 02, 2016 11:43am
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Post# 24927129
RE:RE:RE:question for hammy
RE:RE:RE:question for hammystack wrote: wow, Hammy is erally clutching at straws now. His best reason that VEG price might drop to his price target is if we get "locusts" of biblical proportions.
Nice.
I don't understand how anyone can be bearish on the price since Q2 is the quarter we start doing contracts only, no spot sales. Market should anticipate this and push the price higher. The fact Jeff announced $2.44M revenue in May has basically confirmed that things are improving. With no more write offs, gross margins will be >35% & operating costs (excluding share based compensation) is stable at about $800,000 per month. All good. Q3 will be better then Q2 & Q4 will blow Q3 away. 2017 is where the magic is though.