GREY:RVVQF - Post by User
Post by
HowdyBobon Oct 29, 2020 11:25am
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Post# 31803329
Not a get George idea but maybe make some $$ back
Not a get George idea but maybe make some $$ backMany of you who have seen my posts in the past few years on RQB, might remember the PKG stock I talked about once; ParcelPal. Delivers for Amazon in Vancouver and Toronto.
It is not fraudulent like George Robinson did RQB did, but it's been manipulated for accumulation for over a year and now the current market cap is lower than the 2020 revenue it looks like. Not profitable yet but expanding and increasing revenue fast.
Worth a look as it was 400% to 500% higher 2 years ago when had way less revenue and so the potential is there. Markets never forget and with the revenue probably over 8 million this year and its a hot sector in a Covid economy, ya never know. It's shorted everyday to keep price down, has to end sometime, just don't know when.
Amazon reports today and it is their main revenue stream so that should offer insight. DD it up
from my posts on PKG board:
Should be a great indicator as to how much busier PKG has been getting. Q2 Year over year was 88% up to almost $1.5 million. For 3rd quarter report coming out end November we should see these small contracts add up, plus Toronto launched July 1st, plus the big increase due to Covid probably really got going later May in to June so I see a over 100% increase Q3 year over year which puts it at a $2.6 million quarter.
From Q2 new release:
"Some additional highlights of the quarter include both a significant increase in business with Amazon, as well as continued diversification of our customer base and into other areas driven by home meal kits and large retail store chain deliveries. The Company had also announced new agreements that were recently signed, including customers in the flower delivery space (with two different companies), a small beverage company, a grocer, a pet supply store, and a nationwide meal delivery kit company (our second of this type since February 2020)."
This is laughable really with a market cap at $6.5 million when
2019 = Revenue = $4.8 million
Amazon main client at 90% of revenue and it is experiencing huge growth in the new Covid economy
Added Toronto July 1st Canada's biggest city
2020 = revenue projection of at least 8 million and that would only be a 66% year over year growth.
Just brutal this price and huge opportunity for new investors! Rich you have the power buddy, start getting the word out. Unless this is where you want your stock price? I know the peoeple loaning you money want the stock price down for cheap conversion prices but come'on man, push back and get the word out and protect current company building shareholders as well.