Loop Insights .. a Brief History Sometimes Lurn & Lurns and Nubies to Loop; (myself includes) need to understand the timeline of the stock that they are being asked to invest in. With gratidude/thanks to Jethro 546 for his recent posts:
1. Loop went public in June 2019 and has been trading 15 months total.
2. All previous charts belong to Alkali3, the energy company that Fobisuite reverse took over. All financials prior to June 2019 also belong to the shell company.
3. Loop really began it's financial cycle in June 2019. They spent money in the first 6 months to develop the tech, network and team i.e they commercialized.
4. They began product offerings in April/May of 2020. They are just beginning. The only Loop charts that matter are from July of 2020 onward IMO, that is when they jumped into the mix onto the map.
5. I believe there will be a much clearer idea of revenue expectations and modeling in the coming weeks.
6. The pilots are more or less revenue generating litmus tests. The webinar will also clarify many things as well, as someone mentioned in a previous post.
7. The revenue expectations will obviously change with growth and with the re-opening of the economy in due time.
8. Retail, sports and travel all need a big kick start that Loop and partners can provide.
JETHRO546's SUMMARY & (SPECULATIVE) CONCLUSION:
When it comes to share price, (where do you think we are in let's say 3 years from now?) three (3) years from now someone will have bought us out. My opinion .
GLTAL-GLAP
Cheers
Stanley