OTCPK:SPLID - Post by User
Comment by
Tundra14on Apr 02, 2019 3:12pm
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Post# 29571852
RE:RE:RE:2 straight quarters of $12m rev
RE:RE:RE:2 straight quarters of $12m revObviously there’s a lot more investors out there that are smarter than you. Your rose coloured glasses have failed you once again and it is you that can’t admit to willful blindness. As I’ve stated before, I feel that management is challenged with their inability to execute. The revenue numbers are mediocre at best. I will give kudos to the fact the gross profit has been improved, but then you get to the true bottom line and the operating and admin expenses are a killer. That plus their poor - slow track record of execution is a telling sign. The latest news release, commending another company’s latest take over signals to me that these clowns are also hoping for a buy out soon. For my and every else’s sake on here, I hope so too. We need to get some people on board that know what they are doing and can take this company to the next level.
Greede wrote: This is the definition of willful blindness. You know that's exactly what I meant.
I will accept your stating that this isn't some great release if you are willing to state that about virtually all other companies that are trading in the $3, $5, $10, or $24 mark and state that these cannabis companies are not doing great either.
Do you think the fact that we are making double the revenue of Cronos who trades at $24 and us at basically the same but move the decimal to the left makes sense?
Do you think the fact that Origin House who is a California distributor like us, making similar quarterly revenue to us should be trading at $11.79 while we can't break $.30?
Back to back quarters of $5.7 and $6.1 may not be great but looking at this sector and the mis-priced stocks all around, I'd say this is the furthest thing from the investment community shrugging and muttering a collective MEH.
Something massive has got to shift here. There is a major valuation issue at hand here.
LAMresearch wrote: They haven't had 2 straight quarters of $12m rev. They have had 2 straight quarters of $6m rev to equal a 6 month period of $12m rev. It's great to see rev maintaining but this isn't some great release.. They increased rev quarter of quarter by less than 500k and had a net loss of $6m.