RE:RE:RE:RE:Tax Loss SellingHope is positive Trans, patience is more of what you are talking about and most that have been here for the long haul. myself included, have a problem with the length of the wait....to expect anything different than what the latest report provides and the guidance Beena gives you. With the exception of short selling, investors all invest with the hope that the SP will rise.
Beena has expained where we are and the near term path going forward and she has provided her forward looking info based on the best info at the time, which is playing out as she has said for the most part and because you, I or anyone else don't have the patience and chooses not to listen to what she is saying and expects something different that is hardly her fault.
The rest ofthe sector are well off their 52wk highs as well, with the exception of APHA and WEED, and as Beena/team get sales ramped up to 40-50% of full production over the next quarter or two FIRE should be in a solid 3rd place, or close to it....with profit ebitda lite now, there will be maybe one or two in the sector even close.
It is not that vulc has any sand in his eyes he is just listening to what Beena has provided and is more patient and posititve is all. All the best to especially you and the rest of the longs. JMHO...Opt
theTransporter wrote: Vulcan - problem with your thesis is it's based on "hope".
I agree Beena is doing an excellent job with the performance of the company, but has dont absolutely nothign to translate that performacne into the company's stock performance. That is part of her job too.
You are putting forward a case that if she continues to build this company better, that the stock price will somehow naturually correct itself, which is "hopeful" thinking.
The company posted POSITIVE EBITDA and an EPS of $0.08 in Q1, yet the stock price hasn't moved a single penny despite the 10s of millions of shares trading.
This is a HUGE problem and one that just doesn't go away without being directly addressed. It's like they have no experience dealing with the capital markets.
Keeping the ATM open for example is a BAD move on their behalf. If they do not need the money, close the fuk.ckig ATM otherwise you're just enabling this sh1t stock performance allowing unecessary dilusion at 52 week low levels, as well as giving the shorts the ability to cover without moving the stock price in the public market.
You are putting your head in the sand just like she ignoring this issue while the entire sector has experienced a 60%+ valuation increase and FIRE has seen none of that.