TSXV:EAST.H - Post by User
Comment by
ezemoneyon Jun 22, 2019 12:21pm
123 Views
Post# 29852563
RE:RE:Nicholas Vincent
RE:RE:Nicholas VincentHere is my take fwiw:
I am a very active investor with a ROI of 485% 1 yr. trailing so I do know the pulse of the markets.
Marketing is not an issue at all and don't waste money on it imho. I see the marketing expenses in so many MJ companies that essentially ruined their financials and chance for profitability!!!
With a daily volume spike of 14 mm shares in April the public knows this company. And the steady news releases are very adequate for investor attention.
Investors such as my self who spend a great deal of time analyzsing financials versus share price can see over and undervalued shares knowing each company's NAV.
The much higher price of EAST wasn't justified and now these companies have dropped to fair value. As the song goes "that was yesterday and yesterday is gone"!
What will sustain EAST higher share price is a higher NAV which will come from
A. Higher % revenue increases.
B. Running a tight ship on expenses.
C. And most importantly, trending to profitability.
I am confident in Nicholas and like his business plan. Hire high calibre sales personel and it will all come together very well.
STRONG SALES FORCE
This term can mean 1 man. I watched men in action selling product. They are like unrelenting bull dogs going after and getting sales contracts that really made the company very successful.
Their marketing: A well laid out binder they brought along to the endless sales meetings they generated themselves!!