RE:RE:RE:How to become a millionaire?2bmb wrote: I do not totally agree with you mitch. I am a long on PLI with my price target having gone down quite a bit like the analysts. As for CIBC they are making money so yeah I could have taken a course in their strategy and lets just say it would have been a lot more profitable than my this past 2 years with this stock, In regards to the other companies i will not go there cause I do not have them in my portfolio.
But lets look a little deeper at PLI. It is true no bad news but on the other hand all the news are news that will require more $$$ to get to the next phase. Pli even with this new oeperating line is still only financially viable for another 5 quarters at the most. We definetely need approval so they can start selling and get some revenues in, I am not a believer in the voucher, at the AGM this year a senior exectuve told me personally there was less than 40 % chance of approval.
Some of my concerns are in regards of the FDA , we all read there is 100% positive results but they are not moving on it , so what is the hold back? What do we do not know, they supposedely had fats track status and they were looking at approval and sales by this year end lo and behold on the last presentation it is now showing as q2 2018.
For the past several years PLI has not even come close in their revenue forecasts so why would I believe this one. As for shorters PLI served them all the tools for shorting so you can blame either the shorters for taking advantage of the situation but personally I think it is PLI fault. geez I remember I believe it was 2008 or 9 they had sales forecast of $60m and they will be lucky if they get $16M this year
As for the market being it POT or Bitcoin or whatever , if PLI was such a great deal the market would move on it, I do not know what and what the catalyst will be but like mentioned in my first line i am a long and still have a little bit of the Koolaid effect although it is getting diluted, so am I frustrated oh YES I AM.
Post of the Month... Telling the truth. I too think there's less than a 50/50 chance of the "voucher" that everyone talks about like its a lock. Well put.