Oct 17th The market is still correcting itself, and due to so many controversies with numerous top companies, it will take some time to establish a new normal for the industry.
Analysts and other so called experts now realize that Supreme's approach was the best, but it will take the top players quite some time to play catch up, and a penny stock like Supreme doesn't have what it takes to influence the market yet.
if they manage to grow Q over Q as announced by the CEO we should see some improvement in 2020. So many factors has been beyond their control the last few months, and the recent drop is industry wide. Supreme has what it takes to survive, and investors will soon realize that Supreme will be able to sell all the product produced at the premium level which will place them alone in that category for quite some time. Other companies will attempt to compete in this niche, but Supreme has a few years advantage growing at scale and will have a strong position with the client base.
Due to unforeseen circumstances afflicting the industry in 2019 the company will definitely not see a major SP improvement in 2020, IMO 3 dollar would be respectable, but once it produces at full capacity, and has established a strong position in the EU, 2021 should be an interesting year. Anything can happen at this stage, investors have to be realistic and understand we are still a penny stock and heavily manipulated, but the company has great potential as long as they show strong earnings/minimum losses etc.
this is a new industry and patience is the key for now. Bashers/shorters will continue doing they're thing, which is understanble and a cash cow for them at the moment. The stock market is designed to legally accommodate them. The above noted is IMHO