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Naturally Splendid Enterprises Ltd V.NSP.H

Alternate Symbol(s):  NSPDF

Naturally Splendid Enterprises Ltd. is a Canada-based company, which develops and distributes healthy lifestyle foods and products. The Company owns Prosnack Natural Foods Inc. (Prosnack Natural Foods), a food manufacturing facility. Prosnack Natural Foods focusses on nutritional bars, Chii Naturally Pure Hemp, which is a retail line of hemp food products, while Pawsitive FX is a line of all natural balms for dogs. The Company has also developed technologies for the extraction of healthy omega three and six oils, as well as a protein concentrate from hemp. It focuses on manufacturing and distributing an extensive line of plant-based, meat-alternative entrees. It offers functional foods under brands, such as Natera Sport, Natera Hemp Foods, CHII and Elevate Me.


TSXV:NSP.H - Post by User

Comment by dontknowmuchon May 31, 2020 11:47pm
145 Views
Post# 31094832

RE:Pros and cons

RE:Pros and cons
MustBuyloW wrote: Pros: - Owns 10 percent of a promissing alternative trestment for covid - Has very low valuation Cons: - Postponing 2019 financials - Not immediatly filling a PP at half the price of the current stock price which held for over a week. (Is the PP still open?) Is there a reason why investors are not wanting to hold this half-priced deal with amazing warrants for 4 months from pp closing? Feel free to add why a investor should buy before seeing 2019 year end



 
My current response to you is pretty much the same as my December 28th response to you with some additional comments relating to your above post.
 
Pros and cons

Pros:

 - Owns 10 percent of a promissing alternative trestment for covid  
 
>Naturally Splendid will own 16% of the joint venture as well as be granted a 10% royalty on gross sales of all products and applications arising from the clinical study.  This is a potential revenue stream over and above their established business lines.
 
Cons:

 - Postponing 2019 financials
 
> due to circumstances created by the COVID-19 pandemic measures, the Company will be delaying the filing of its annual financial statements and related management discussion and analysis for the year ended December 31, 2019 until a date that is on or before June 15, 2020.   

Pretty common for a lot of companies to delay under the COVID-19 situation as I stated on May 7th   IMO the delay of the financials is only due to circumstances created by the COVID-19 pandemic; if you happen to follow the Stockwatch daily news feed you will have seen tons of companies notifying the delay of their financial statements.
 
- Not immediatly filling a PP at half the price of the current stock price which held for over a week. (Is the PP still open?)
 
> I doubt the PP will be open much longer, probably close soon!  I’m not waiting I'm in :<)
   

- Is there a reason why investors are not wanting to hold this half-priced deal with amazing warrants for 4 months from pp closing?  
 
> Given the times we are living in a lot of people want flexibility and the 4 month hold is likely a deterrent for some.  
 

- Feel free to add why a investor should buy before seeing 2019 year end 
 
> You can wait until they are released (before June 15th) but you are waiting 5 ½ months putting a lot of emphasis on waiting for past history when NSP is moving forward.  I made my 2019 prediction on January 4th proving links to charts, etc. supporting my guess.  Even if my $3.1 million guess turns out to only be $2.9 million – it’s a good year over year improvement.
 
> Based on the news releases etc. during the quarter, Q1Y20 was heading to be an exceptional quarter and the results may still be great.  Q2Y20 will likely be tempered due to the COVID-19 situation but as I stated on May 7th - lots going on that we just haven’t been told about yet   ;<)
 
*****

Be safe!

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Living in the sunshine
Always DYODD
DKM

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