RE:blackspar0w and east everyday
lipshitz wrote:
we wait for results it is beginning to look more like b.s....a scam in other words. Why don't you loosen up your purse and start to buy up the company stock? so us that you are true believer in all the agreements. Maybe a few of the SKU's have actually left the building and being shipped somewhere. I mean I put this stock into my RRSP about a 1/2 yr ago at .25cents and look where it is now. Almost off the board.
I just expressing what most investors ....absolute frustration in what appears to be just naked fluff
If you put your money into East at 25 cents then I sympathize with your position. It sucks to buy near the top in a bubble, no doubt. But the fear mongering on this stock pushed by OneTwoOneTwo and others like him is ridiculous and badly motivated to anyone who spends half a minute analyzing their position.
You're in a penny stock. It's a start-up, pre-profit. It lists on a venture exchange. What exactly are you expecting? I've said it before on this and other boards, I'll say it again: there's not a ton of transparency in these micro-cap companies. There's not a ton of transparency in the whole micro-cap market. Not to mention the cannabis/CBD market, which is a relatively young market. These are new companies in a new market, with new products governed by new regulations. It's largely unexplored territory, and there's real risk in investing in these companies. But where there is risk there is also reward. And the upside of getting in early on a micro-cap that transforms into a successful or even semi-successful small cap company is huge.
Now if you invested near the top and didn't average down when we got below 4 cents, I honestly don't know why you are still here. I doubt many are. But for those of us that bought in recently, or took this opportunity to average down, you are in a good position. You can rest a little easier knowing that a lot of the risk that comes attached to these start-ups can be minimalized by buying at prices this discounted. The company's assets are worth well over the current market cap.
Risk aside, I invested in East because I liked the story of the company and I saw real initiative in what the company had accomplished over the past year and a half. Sangsters acquisition, product development, partnerships in the health food market, and supply agreements. Those are all real, tangible accomplishments. You can go on amazon or pet websites and see East products. The revenues from the sales orders are there on the books.
The company is not a scam, so far as I can reasonably see. It's a start-up in a new, largely untapped market, doing what start-ups do. It's muddling it's way through the regulatory fog and trying to break through to profitability. And quarter to quarter it's showing results that appear to be trending in that direction, despite the share price. There is always risk in the market, but right now, in this stock, at this price, I believe there is real opportunity. Exploit those market inefficiencies.
Good night.