FIRE ON JUNKETFor a company promoting themselves as a leader in producing premium product at scale, now is the time to ride the present wave, and attract the market's attention.
A large number of members have provided analysis, and opinions regarding financials and SP recently, and I would hope the Q2 report is at the higher end of the numbers shared recently.
I agree when Opts stated that after 4 years of preparation the company should be ready to back their claim as a top producer.
If the numbers are there to back up their claim, the PR company has to earn their keep in the next few weeks.
If the market reacts positively there is no reason why this stock shouldn't reach the 3 dollar mark and maintain same, and if Q3 follows, with what Supreme claims it will be producing, the company should enter the summer between 3 to 5 SP, and by Q4 in my opinion the company should be at the 5 to 7 range. Between now and Q4, investors should have received updates regarding Lesotho, and lot 16.
I believe 2019 is crucial, as many larger producers are being assessed with biological assets, and not current product availibility. Supreme should be able to compete with the top 5 companies at least until Q4.
Supreme opted not to ride the wave a few years ago, and adopt a more conservative approach, and concentrate on their product. I believe that this month is crucial for market reaction, and sustained momentum. This company needs real bullish runs, not .10/.20, needs a couple of .75 to 1.25 runs, and maintain same, and then we can say the company is heading towards being a medium cap company, and less exposed to manipulation.
Imho