RE:RE:RE:mtrx , !!! can any one tell me why this stock is so low ?Investing.com told me the loss was for the 9 months ending March 31, 2020. I am not trying to attack the stock and yes just an opinion. I own a few shares and wish the company luck.
jethro549 wrote:
I'm not sure were you got your information from but the last, also one of the only, earnings reports, since this company is in early days, shows a very standard loss of 1.34 M, due to spending on development and no revenue generated. Startups always begin this way. They develop and commercialize and generate partnerships, if they are smart, to make scalability simpler and cheaper in the long run. Loop is almost 50 percent owned by insiders. The CEO has millions of his own dollars invested and the future is very bright. Like any start up it is speculative but the earnings should have zero impact on share price growth. Sales will come. The APN network was a huge step and all the strategic partnerships are well placed for growth. The reason the share is .14 instead of .60 is simply that we are in July and the venture slows down over the summer, there are very few eyes currently on the stock, no analysts or funds are onto it yet, and that that little virus thing going around isn't helping at this time either. Your opinion is your opinion. But please check SEDAR before you make claims about outrageous losses. What did they spend 4.3 M on? They have almost zero debt and 2 M cash currently from a PP. Best of luck.