OTCPK:SPLID - Post by User
Comment by
juliio101on Dec 05, 2017 12:45am
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Post# 27090671
RE:All 9 reviews on weedmaps have 5 star ratings
RE:All 9 reviews on weedmaps have 5 star ratingsLet the records show that I am long and holding a lot of positions on EAT. As person who has several ecommerce stores, I can confirm that the first 20 to 30 rates and comments are generally fake and not reliable. They are usually made by product reviews, family members, friends etc... simply just to get the ball started. Its not enough data to make a judgenment about the product but it is a good sign that they are off to the right track in terms of marketing and understanding online marketing.
Another thing I want to point out as a fun fact for your persoal knowledge is that about 5% of people leave revies. You could actually take the number of reviews and multiply it by 20 and get an idea of how many sales they have made. I don't know how how much they are selling it but best case senario they are selling it at 10$. That is roughly 1200$ in revenue.
Honestly, its very little but considering the fact that its barely 1 month old its not bad. Its pretty good actually. After that its kind of like the snow ball effect. The numbers just get bigger and bigger. This is just one product and one distribution channel.
Based on my math and research we basically have until March to buy as many shares as possible at a good price. Sales just started, therefore not affect the next earnings reports. The first earnings report for the year of 2018 will show improvenments of sales and will attrach many new investors, the price will go up but it will only start to sky rocket towards end of 2018, and 2019. WIthout sales data this is still considered a high risk stock. Smart, actuall investors don't take high risks with stocks like this.
I don't expect this to go up anytime soon. Although 6 months wait is short term in the investenment world if you ask me.
Anyways, I have analyzed this company inside out and I can literary write forever but those are some of my thoughts on the company atleast. I have however been wrong many times before so DYODD.