RE:RE:Q1 CallI absolutely agree with you! I am so excited about this stock and its performance!
Selling at these low prices is just plain ridiculous! Just look at the recent progress in this new age of working from home. Evan is spot on by saying that NexTech is in the right place at the right time during this paradigm shift in how people work (for now and well into the foreseeable future). The integration of the new Inferno platform with end-to-end encryption for notable platforms (addressing a HUGE concern for many companies), the multiple business segments, etc. The proof is in the growing sales!
Don’t be concerned with the net loss in this scenario at all. The metrics used for measuring these parameters are somewhat arbitrary during this pandemic (I think it was someone at Morning Star that applied an estimate of –$0.01). They are applying metrics used prior to the pandemic, which in this case, should be tossed aside. The company’s performance is incredible, and the fact that they can increase their marketing expenditures to increase revenues during these turbulent times is an absolute positive. In my opinion, this stock should be hitting new highs tomorrow (although still undervalued). If short sellers are going to try and drive the price down, it will just provide me with an opportunity to buy more for the long-term!
One additional thought to consider, and it seems to be a small nugget that caught my attention a little while ago, but it wasn’t really highlighted: people were so excited that Facebook can offer a chat room with 50 people (granted this is for personal use), but consider that NexTech can hold an event for 100,000 people simultaneously!!! Say WHAT!!!
Finally, I will say this about the conference call today as I have seen several comments regarding its efficacy: cut Evan some slack! The numbers are fantastic, and if you were doing 8-15 presentations a day, you might be a little tired by the end of the day!
I am super excited for the coming weeks!
GLTA