MidtownGuy wrote: Don't get your knickers in a knot. Mostly semantics. For the record, I'm very deep into this stock, and a long holder.
If end of August was the contract timeline, then that discounts what all the primary posters on this forum keep posting EVERY DAY, which is usually some form of "any day now" or "this thursday" or "I think this is the day". This has been constant since I joined this board a few months ago. That's all well and good, but I've yet to see anyone type "end of August", though maybe I missed it.
Impatience, fear, call it what you want. Everyone on here has likely been the victim of a "gonna be huge" type of stock, only to have it be... underwhelming. Not at all saying that's the case, but that's the fear, especially when you add to positions to make it your primary holding, as I suspect a whole whack of people have done over the past three months.
Contracts taking longer than expected... did I say it was easy? Dial it back there. We're saying the same thing. It's harder than it looks to outsiders, especially with government contracts.
A month ago the stock was over $6, subsequently touched close to $5, and has been barely maintaining $5.50 on no news. That to me is bleeding / manipulation, not building it higher.
And the increased earnings? C'mon man, everyone and I mean everyone knows the prior guidance is a joke of a low-ball and doesn't represent the money he actually has in house if not yet on the books. Peter has bascially said so in every video, NR, you name it. Mentioning that guidance is up a cent was not only unrequired, it was laughable! They just had their earnings call two weeks ago; he was under no obligation to announced an increase in guidance so soon, he did so because he could because it's an easy win, tangible, and someting to keep the ball rolling for those that need it. And probably a bit because he likes to mess with the shorts.
He's just releasing a bit of floodwater to ease the pressure. All good.
rainorshine59 wrote: I beg to differ.
I don't think it's that complicated
It was purely done to quell some fear and tell the market to hang on a bit longer.
There is no fear...a little impatience maybe?
- The various contract negotiations are taking longer than expected.
Not at all. Peter said last month don't expect a WHOPPER until at least the end of August.
These contracts are not like walking into a car dealership and signing a lease.
He mentioned the logistics being additionally complicated by Covid.
But surmountable.
And lawyers are probably having fun with the first one, given it's a 'template' for a deluge of contracts to come.
Take the time necessary to get it right the first time. "Measure twice, cut once."
Then make sure your boot laces are tied with a double knot...and hang onto your chapeau.
- Peter knows the market is wound tight waiting on news.
You're probably right on this one. It's called 'coiling'. (See Previous Above)
- Without news the stock bleeds off, is subject to manipulation, and incites fear in investors.
Au contraire...the longer it takes to get the news...the more anticipation builds...because we know the potential ramifications of the first announced deal..regardless of size.
And the market makers have a job to do to provide daily liquidity and volume, which will satisfy the conditions for an uplisting to a Senior Exchange.
- Peter knows he has a history of releasing news on Thursdays.
I'll give you this one...it's easier to put out a Thursday blurb...because he also knows how time consuming it is to be checking in horly on AGORACOM... and having to constantly talk and handhold George.
Greenlane sends out a weekly Investor Newsletter to accomplish the same thing.
- He couldn't go another week without news.
Oh yes he could...and all he would have to do is use his IR and/or George to 'get the word out' that he was deluged with the paperwork.
- He released something very basic to feed the lions for another week. He knows -- all things considdered -- this is a nothingburger of a release.
You are totally out to lunch on this one.
He INCREASED EARNINGS GUIDANCE!!!
Highly doubt there's any secret meaning in the release, though I get that it's fun to speculate.
Re-read the NR.
Then look in the mirror.
"It is as plain as the nose your face".
Earnings UP...elevator RISING!