RE:RE:RE:Q1 2020 ResultsMy lame attempt at being facetious in a relatively empty room... clearly not Mr Buffet's cup of tea as he only plays with the big boys. This company barely makes a blip on any screen let alone his and gauging from the very few posts I'm not sure what level of investors or trolls roll here (IMO everyone here seems genuine and vested in seeing GROW succeed). Still, this is like the best kept secret as there are no major analysts or institutions covering this company and it will need some serious marketing to take it to the next level... perhaps some luck too. At the moment there's so little activity in this forum I usually pop in once or twice a month to check if ventilators are required.
I am a firm believer in this company having bought in 2 years ago at about the same price (accumilating to the point where I'm tempted to add more out of sheer greed but not feeling I should spend all my lunch money here as trading down in the lower single and double digits is deflating). If I continue adding I would have as much as the BOD members here and that would be a bad thing considering the lack of liquidity can be both good and bad if you need to sell. It only takes one big buyer that will move this stock past $0.25 as there are so few asks up the ladder. I've hung in here despite a massive opportunity to make better short term money in other sectors during the recent correction simply because of the FOMO on the pop here. Over a year ago Alpha North's investment drove this stock to peak at $0.70 in a hurry and I feel this would do the same should a big investor show up. My confidence in this company stems from the fact the major shareholders have not taken any salary nor sold any of their shares which represent over 25% of the total.
The remainder of the outstanding shares means there is a small float for any big gun to show up and the retail is very low as seen in the extremely low trade volumes as small as 2000 shares a day on the TSX.V. This is even more so on BLONF being a pink sheet play in the US and being Canadian keeps them hidden off the major exchanges. This company really needs to show revenue as further dilution at this stage will not help it's share price. I have so much faith (perhaps blind) that I've even told my friends to buy and I would cover their losses if they lose money by year end. The contracts in play right now will be the deal breakers... no deals and this will slide down the toilet... big deals will make this a rocket ship (my dream). The industry is not very sexy like the Shopfy, Apple or Alphabet companies but when I see companies such as DCBO or LSPD who's share prices are in multiples of their earnings (often negative) I will hold on to my blind faith.
Initially the stock appeal was the increased growth in plants that attracted me to GROW but now I believe the future is more about pathogen resistance... this might be the lucky find that will take this company forward. Sometimes being good isn't good enough and being lucky is equally important. For those who saw "The Last Dance" documentary... Jordan was great but his marketing guru was David Falk that built his status on a shoe deal that almost never happened. GROW needs a bit of luck and a good marketing company that can open some doors for them stateside as that's where all the big growers are. Canada is a bit too small and I find we're quite conservative when it comes to innovation and technology despite being leaders in building this sector.
I feel the pathogen discovery will make this company an all-star if they can commercialize their product to the masses. Building an amazing product in your garage doesn't necessarily make it a commercial success (sadly the equipment looks deceptively DIY). They also have some looming issues hanging over their heads in the patents and lawsuit that needs to be addressed. One of my reservations about the management team is that they seem super nice and so laid back... very much engineer like and typical Canadian manners. Unfortunately, in the harsh reality of the business world they are like minnows and can be eaten by the sharks in the tank full of Gordon Geckos of Wall Street. Most nice guys finish last in the business world where the Monsantos of the world rule ruthlessly. These guys aren't youngsters and they might very well sell out before it becomes a billion dollar baby but I'm hoping they can complete what they've started, find the necessary people to push it up the mountain. The Gulf Cryo deal in the UAE is impressive and I really hope this brings the company to the forefront and investors should find out by the end of the summer if they can make a splash there. GLTA