RE:RE:RE:Not sure if anyone has posted here yet. I can appreciate your comments. However, it is quite a narrow view to take when it comes to cannabis related/LP companies.
There is not one cannabis related company that is accurately valued at this very early stage of business. While looking at the standard formulas to rate the value of a company such as dilution, debt, revenue, profit and all other standard ratios involved, there is no cannabis company holding accurate share price vs company valuation. Not even Canaopy which is ranked #1(which I also hold a large stake in) and not to mention is constantly fluctuating.
I agree with your underlying message that SPR, as a Penny stock, has a long way to go. This is not a shorters paradise stock. The business of cannabis is a dynamic one and has evolved significantly since the first wave of the initial green rush. If all investor were to take on your limited view of this stock and apply the same toward others, then no one would have entered the pot market. It is not a suitable market for those of that mindset.
SPR has come a long way since introduction, completing several important milestones and establishing an impressive track record for executing a very strategic plan of business. It is not limited as an LP. It is very well positioned to take advantage of several cannabis markets. However, those with your expressed view may not understand and or appreciate the value of the fIrst MH JV and the potential that the APP holds.
You can regurgitate all the numbers you wish, but for the sake of providing educated value to your posts, pls, at least take a moment to process and understand what you are spewing. I would have to disagree that the longer an investor holds a position in SPR, the greater the lose.
Perhaps, in the short game by tying up assets and not shorting other stocks with those resources. However, with the potential SPR has to offer and decent resources invested, the short game risk is not of equal or greater value vs long game hold of SPR. SPR as a bio company holds more value and potential than the numbers on the sedar. Although, despite your view, those numbers are not bad when comparing them to other LP’s with billion dollar market caps.
Good luck Hawk, I hope you continue to find your shorters hot pick of the week come Monday, do not forget to renew your Motley Fool subscription.
Sum