OTCPK:SPLID - Post by User
Comment by
Greedeon Dec 10, 2019 12:50pm
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Post# 30440159
RE:Lost 1 but gained 6
RE:Lost 1 but gained 6 This is the classic case of the dangers of relying WAY too much on a single source of revenue since it can all go away in one fell swoop?
So maybe (one can hope) they knew this was a concern and they were looking to diversify and of course PLUS didn't like this, much as they were trying not to compete they knew they needed to branch out. Can't imagine they were COMPLETELY flat footed but in life, those things happen all the time. In retrospect, looking to Asia might have seemed whimsical and unfocused at the time but may eventually be the company's saving grace.
Dare to dream.
AFGKhan wrote: Hopefully, the next financials should be interesting and bring back some positivity. Even though it would not be adequate based on today`s news, it should show some growth with the new products that were signed in September. Keep in mind we had signed 5 distribution deals in september ( District 11, PurBlend Science, Prime Care Nuvata, Punch Edibles, Extract Solutions) and 1 Distribution deal in October with Golden Triangle. Despite losing 80% of revenues, can someone quantify how much we are gaining with these 6 deals ? Greede is right in saying that Panic selling isn`t the wise decision. We have no clue how much these 6 distribution deal willl generate and at what margins. It could potentially be better than Product Plus alone . Ive been holding this stock for over 3 years now and I am just as frustrated as the rest of my fellow investors. However, I will not sell yet. No point of selling at these levels.