TSXV:EVE.H - Post by User
Comment by
KohKuton Nov 12, 2019 7:48pm
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Post# 30342680
RE:RE:OUCH down 16% and tanking
RE:RE:OUCH down 16% and tanking BobZilla wrote: Hey Parthent,
The other day when EVE hit 23 cents...I was up $33,300 or so.
With today's 19.5 cent close I'm down $44,400 or so.
I'm a LONG investor in EVE....that means I'm waiting on results that will happen down-the-road....12 months/18 months/24 months.
I'm not buying/selling shares on a few pennies up or down.
I won't sell a single share if the price "tanks" to your 10 cent forecast.
If it hits anywhere near 10 cents....I will BUY LIKE CRAZY.
Maybe have a look at Organigram....it took a hit today....most recent quarter was lower sales than previous. It has about 1/2 the number of shares on the market compared to EVE....and about 1/2 the production EVE will have when HC approves the 780,000 sq ft addition....though it is soon to complete a good-sized expansion too. Organigram is trading at $3.57 or so after the "hit"...about 14 times earnings....on current production. Organigram seems to be about 9 months ahead of EVE on a production/sales basis. So...1/2 the shares and 1/2 the production cancel each other out to make a reasonable equivilency to EVE once it catches up to Organigram in 9 months...$3.57/share?
Please notice I was very courteous to you in this post.
Cheers, BobZilla
Great Read and agree and look to be adding in the near future. Just hope that the sp stays low for a couple more months. Anything under .25 cents is primo.