RE:EATS audited financial statement released Apr 29Very would be one of the bigger Stocks to have kepts long term, but if htey made money, i guess thats good. but jesus, 570K on marketing.
brutal.
it will be under $1 in no time.
PhDtrader wrote: Nice to see an update but nothing positive. Two big concerns. https://www.sedar.com/FindCompanyDocuments.do
We learn that as of Dec 31, 2020, EATS had sold 90% of its VERY (from 200,000 to 25,000 shares), and 50% of its GDNP from 1,428,571 to 714,286 shares, for realized gains of $562, 970 realized gains. Excellent gains, but we now know EATS was worth quite a lot less than expected as of Dec 31, 2020.
Big concern: $570,000 was spent in 2020 on marketing and promotion for the stock, and for those of us paying attention, they have spent a bunch since (Super Bowl and another marketting hire). EATS share price is running on a greasy wheel with a large proportion of their money being spent getting people amped on the stock. It helped them get a financing at >$2, so its kind of working...
With that, I'm out for now.
Anyone see any positives?