Patience will reward you on Loop InsightsI'm sure some of you got in on the big price increase and are now feeling some FOMO on other opportunities as you wait to recover your equity or to get a better return on MTRX.
Here are my thoughts on this: We will see revenue lines begin to materialize in 2021 from the many partnerships and pilot runs that were completed in 2020. As revenues begin to flow, additional deals will materialize and revenues will begin to grow organically. This will be an obvious catalyst for share price growth going forward as Loop is positioned to be a global company with significant opportunities and lines of revenue being rolled out as they move forward on these many deals they've made.
The addition of a proven Chief Technology Officer who previously worked at NTT Data is also great news looking forward not only from a partnership perspective, but from a product development and commercialization perspective.
Then there is uplisting. It is self evident that the company expects to have recurring revenue in the future given the publicized plan for MTRX.VN uplisting on the TSX and then the NASDAQ. This is not coincidental - management sees significant upside in the revenue and earnings growth of the Company in the near term and intends to capitalize on this with uplisting as these positive financial metrics begin to materialize.
Although the share price has been stagant as of late, this is not unexpected given the SP increase in such a short time frame and the nature of the many newer investors who got into this stock (ie. impatient traders). I would urge everyone to hold strong as there is nothing but upside from here... Be patient, disciplined and you will be rewarded with Loop.
GLTA and take care. Be long, be strong.