GREY:LXLLF - Post by User
Comment by
bullrun1on Jul 21, 2019 8:08pm
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Post# 29944635
RE:Bloated overhead
RE:Bloated overhead@lscfa, can you provide a source for these numbers please? In isolation they suggest a trend, but without context it is not meaningful, except to stoke fear in readers of this thread.
Full disclosure: I am long ERKA and like a few other posters, I also increased my position substantially under $2. The current market cap simply doesn't reflect ERKAs assets and production potential, particularly when compared to other CBD players with market caps orders of magnitude higher.
Management is to blame for the total lack of media engagement/publicity campaign leading up to the IPO. This was pretty disappointing, but forgivable given that they have been "laser-focused" (to quote the CEO) on production/sales. I believe that this will only be a temporary drag on sp, so a little patience is in order.