RE:RE:RE:RE:RE:RE:RE:RE:RE:Dilution, again ! 1) Revenue growth YoY
2) Operating expenses in line with a company with a fast cash burn rate and set for super normal growth
Dont get me wrong, I fully appreciate your frustration with the management team, i read the comments on 8020 and know many of you have been holding the stock since Feb 2018 when it was over 40 cents
I look at the industry as a whole and where it sits right now with Canadian market sentiment
Industry:
This is a nascent industry which is not only trying to come up with new solutions but it has to market them to prospective buyers. The buyers are businesses who are only interested in the bottom line. If the blockchain solutions save them money they will gobble it up.
Blockchain is versatile and has the potential to be the one all end all solution. This is where the management comes in
Management:
If management is engaged in all the right activities focused on building relationships [Lotte, Samsung, LG, Agri-beef, Govt of Canada] then there is a certainty for future success. Business flows from a relationship, without the relationship it is just a transaction.
If management is not engaged in the right activties and there is no revenue to be shown, you know something is wrong and you should walk away from the table.
Market:
It's sh!T....theres no other way of putting it. The current economic fundamentals coupled with geo-policial blunders have left little faith for investment in the economy. However human greed plays a very important role here.
This stock was .45 cents without the revenue it has to date. Every asset class has experienced a bubble and a bust since inception.
Google, Apple, Microsoft, IBM all suffered in the dotcom crash but where do they stand today?
I have said it before and I will say it again, sustainable growth and not speculative growth adds tangible value to a company