RE:RE:RE:RE:RE:RE:RE:RE:Taking a breather before resuming the down trendPenny stock is not a hurtful term, it is what this stock is!!!! At .15 what is your definition of this stock.
Look at StoneCo Ltd STNE, Goodfood Market Corp FOOD.TO and Canadian Solar CSIQ, good companies are there even in harsh times.
Penny stocks need to instill confidence within the investing community, investors are aware of their potential but with such meager financials it is keeping investors at bay. Every company had to overcome obstacles, Supreme was never faced with controversies, the closest thing was Nav guidances, Beena inherited an almost completed facility, I'm realistic and understand it takes time and effort to transition, but competitors were also faced with transitioning.
Market share is an essential component, and with their slow progress and in my opinion always a step behind most investors would be hesitant to invest long term. It is more of a play stock at the moment with the constant up and down .5.
Lots of companies with value to shareholders out there, just need to find them. At the moment Supreme has not shown value to its shareholders, and unless they come up with strong financials for 2021 I believe they'll be left behind.
Time will tell, where I come from companies need to deliver or they're gone. Running out of patience with this one, going to give it the next two Qs. IMHO