RE:RE:sponsored postsI posted the following on another board today when the trolls were shaking the trees trying to frighten the new, low confidence investors:
"This is a very thinly traded stock at this point. There were a lot of people buying lately speculating on a price pop with the earnings announcement. Either through an unexpected increase in forth quarter revenue, a firm date for up-listing to the NASDAQ or management guiding to outrageous growth in 2021.
For long term investors, this was a great earnings report. a) Further confirmation that the company was rebuilding its normal revenue numbers with a 35% increase in consecutive quarter sales figures... b) The company turned in its first ever profitable year and the trend is towards improving margins....
c) Illumin is being tested daily by Fortune 1000 companies (coming to Acuity as apposed to the other way around)
d) The pipe-line for sales is "exploding"...
e) Strong working capital position
f) paid completely out of the Line of Credit
g) Application to up-list to NASDAQ has been made and the company is on the "fast-track" due to already being on the TSX... (no firm announcement as to the date of the up-listing, but all requirements have been met)
From a long term investor's point of view, this was a fantastic earnings report... from a short term traders' point of view, it was a dud since there was no immediate jump in price... and the price drop you're seeing right now is all the speculators (short term traders) selling to move to some other short term play.
Don't worry about it, the thesis for this company is not broken... in fact you received a bunch of reassuring news that things are going very well indeed."