RE:RE:great buyi am glad with proper execution they can get back to last Novembers share price. (i really hope there is more upside than that)
i hope it grows as fast as they destroyed it. i think however with an extra 70 million shares over their head it will take time to gain traction.
In October i thought we'd see 1.00 / share this year. now i hope for 20 cents.
They need to control their burn rate, or they will be broke even without the debt obligation.
ZFowler wrote: With proper execution, this stock could definitely see above $0.20. At the current share count (not fully diluted) that would be a market cap of still under 80 million.
They are planning on doing more than 80 million in sales in 2020. They have assets of 300 million (215 liabilities and 85 equity). If the management comes through on the reduced costs and steady or growing sales, ZENA will be looking pretty good.
In their Q1 numbers, I am most interested to see their cost to sell per gram, their revenue per gram, and their salaries and wages.