RE:How can anyone bash the company at this price?
Fizzy1985 wrote: I understand that they are spending money but the financials from September were beautiful, they had a decent amount of cash and only seem to be burning through about 3 million a quarter. Now they have all their licenses. Seems like a good buy to me, I have flipped this company twice for 25% gains, hopefully one of the shorts will sell me some cheap shares tomorrow
It is a very good buy at these prices. Don't forget, this is a relatively young company. The got their sales license in january, and are still waiting for their oil license..
Their e-commerce platform is still in the first phase. Mid 2019 that will contain around 70 SKU's. With their pharma background, this will be beautifull formulations perfectly matched with patients.
They are doing a real-world evidence based study with a big medical group. Are you listening 2phat4u? If they are trying to cash in short term, why are they doing this? This is a company that is here for the long term, doing things properly.
This study gives them a) credibility and b) the chance to fit their products with the needs of the consumer c) this is done by NO company yet.
Malay Pancal maybe is not the best speaker, but i do trust him and the rest of the company. They are not pumping the stock with a lot of bullshit news releases, so every news is a % up. I think, there will be a lot of ups in the coming months.
See: oil license, more SKU's (beautifull CBD products) on platform, partnering in Germany or/and with big pharma, finalising phase 2 and 3 of build-out, getting EU GMP (in the coming months)
Seriously; this is a real steal at these prices. Definitely if you compare it to their peers. In a couple of months this is at a much higher share price :D