GREY:SNNVF - Post by User
Comment by
Benedictuson May 01, 2019 10:32am
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Post# 29694556
RE:If SNN targets there 14 million projection at Q1 may 30th
RE:If SNN targets there 14 million projection at Q1 may 30thi don't think most ppl following snn can deny the potential of this glass house in full production but your near term optimism appears unwarranted unless you are privy to some company info of which the rest of us are in the dark. the low share count and valuation argument (of which I'm guilty of...) has been made ad nauseaum on this SH forum for well over a year. I will agree that if these estimated revs are showing up in q1, q2 releases,then the sp may firm up toward upper trading range (5.50ish) and as I said a cad full asset sale may also firm up the sp as this would potentially shore up near term cash concetns. the market is usually right and right now snn's cash burn is high, it's margins tight and they are still 5-6 months away from even planting. if everything goes right then snn will do incredible numbers in 2020 but for now this is a show me story and all that's been shown is very high cash burn with margins not improving until next year.