GREY:NORFF - Post by User
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nailation Jan 19, 2018 11:12pm
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Post# 27399433
RE:RE:RE:Volume Up..Getting Busy Here...
RE:RE:RE:Volume Up..Getting Busy Here... Sorry but I'm not as optimistic. Yes they are growing revenues and will continue to do so. The problem is they are nowhere near achieving profitability and with their aggressive efforts to grow revenue it will be a long time (if ever) that they become profitable. Just listening to the CEO in the BNN interview and it becomes very clear that she doesn't understand what profitability is all about.
The last 2 financings were both way UNDERsubscribed as the smart money is obviously concerned about this as well. And from what I understand the financing had to be lowered from mid-$0.70’s to $0.60 due to anemic demand. For now they are trying hard to prop up the share price to help those from the financing (done at $0.60) to get their money out.
So yes revenues will continue to grow as they keep expanding, but profitability is nowhere in sight which means more dilution and debt financing to fund the growth. Good company, good concept just maybe not the greatest investment out there, at least not for the short/medium term IMO.