RE:RE:RE:RE:good picYou need to change your perspective ... the GLH pumpers are even on you and you like GLH. Ok, it is agreed they are more of a cult then a group of investors but still ...
They announced orders in March based on their production run in mid June etc. As we all know, revenue is recognized when earned even if not received. In this industry, it is earned when title changes hand which could be at time of shipping, time of receipt of product, or even at time of sale (buy back guarantee of unsold product terms .... I doubt Tinley has these but many stores insist for new products). You have zero interest in this company yet you need to things that we all know cannot exist.
When Tweed started up ... what were shares? Two guys trying to turn an abandoned run down neglected chocolate factory in whoknowswhere Ontario (ok, I know where and Smith Falls is lovely) into a growup to serve the Medical market. Sure wish I bought shares at that time in Tweed. ((not complaining as my average price is still south of $2)). In the 90s, I bought shares of a start up ... SP sat between $0.14 and $0.21 for over two years before shooting up to over $5 and then I sold and bought our first home ($250,000 Capital gains tax exemption back then). This is also a start up ... you cannot expect to see results a week after their product launch. Loo at biosteele ... a decade to go from startup misadventure (the critics called it) to overthrowing Gatorade in sports clubhouses etc. Patience ... on paper, given their market and product this has a much great chance of becoming successful then two guys converting a chocolate factory into a growup did ....
popeye99 wrote: No, I want to see the next financials. They announced orders on March 10th via a press release. I want to see if the orders were material in nature to warrant a press release or if management is just promotional. My guess is the latter.
Interpolation1 wrote: Not sure how they will disappoint. Anyone that understands the timeline of production and sales fully understands we should expect to see little by June 30th. You must mean the September 30th statements ... agreed, those statements will start to paint the picture.
popeye99 wrote: The financials will show how the product is received. Get ready to be disappointed.
geodcan wrote: I would love to hear from some attendees @ the Hemplify Artisan gig, especially how they liked our product. Management???