OTCPK:SPLID - Post by User
Comment by
LiquidOctopusV2on Dec 10, 2019 9:49am
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Post# 30439100
RE:Panic selling
RE:Panic selling Plus Products is 70% of Calyx's revenue. The risk calculation just went totally haywire.
AFGKhan wrote: Well looks like everyone is sh*t scared to hold on at this point. The news was not worth doing a Halt trade. It simply made matters worse and drawing attention to a shitty news. Then again, they are cutting cost as much as they can. People need to understand that even though Calyx is racking up revenues, their cost base is still too high to achieve profitability. We`re not selling any assets.. WE ARE CUTTING COST. As shitty as this news sound, its not as bad as it is. Keep in mind they signed up a bunch of new brands in september and are working to expand those portfolio. Besides, there is no mention of any shares being issued or any penalties.