Risks/Rewards & 7-8 Weeks to go
Good Afternoon All,
Stepping back for a moment, one must think about how your Hard earned money is working for you or isn't ?
You've worked long & hard to save eg. $ 5,000 ( CDN ). A good savings interest rate of 1 % equals an Almighty sum of $ 50. One full year later. Oops, better not forget to pay your taxes if you should blow past $ 50 interest earned.
Looking at the 4 milestones for KNR to pass as indicated earlier on a blog, it's fair to say, that in the next 7 weeks, the cards will be played out for all to see upon successful milestones being met or not. Yup, but the risk of not meeting, IMO, is very low. But the reward, well, substantial comes to mind.
If we can crank up production to a targeted 20,000 units per month, in a short period of time, then we're talking Turkey ( by the way, Happy Thanksgiving ).
So initial market cap then can quickly run to $ 500M upon successful milestones. Thus a $ 15.60 sp in perhaps 3-4 months. Looking at the current close of $ 4.95, that gives you a 215% return in 3 - 4 months approx from now. And you pay tax on the half of that profit # made.
Presently approx 32 million shares o/s & 40% + being held by Insiders. All good for Longs.
Best wishes to All, good health,
Sincerely,
Topseeker
P.S. Yes, I am a patient Long too. Topseeker