I am a fan of PLTH!Spent time touring the facility, on my dime, met managment, know some of the analysts on the call and hold a very large position(s)...that said,
THAT was bush, that they snuck out the numbrs an hour before the market opened, and then drove out a second release that was meaning less right after.
THAT, my friends is a tactic of an OTC and an in experienced managment team!
The numbers were not bad at all, no one expects day after day, and month after month for them to hold, considering some months have more or less the same number of days. Its pretty easy for us to do math as well.
But here is the crack, no conf call to discuss numbers, no update on California etc etc... I have always said this is a Q3 stock, why?
They said, not me, that in Q3 they would have 60% of their product in store, so margins and profits should be way up! The back end of the facility should be completed and running in the Quarter and then their is California, retro fit should be in place and sales should be climbing through the roof.
IF NOT, this stock will be punished, hard, becasue the market does not put up with Shlitz, Bud or Coors, let a lone ...
Again, I am not negativve, just saying the reality of the market can be pretty harsh...
Just lay it out, clear and consice and let us make decissions, not hide around corners!
J 103 ( $2.00 could be harsh, I think down side is $2.31 )