RE:RE:RE:DDC is on the cusp of greatnessAdd to that: exponential revenue growth, Q1 2021 exceeds all of 2020 revenue, better valuation and 30% lower price to book, and that most of the arrangements DDC makes is for perpetual service, making growth and revenue accumulation sustainable, not transitory. The model of warrants may lead to dilution but they have no debt, whereas so many start ups take on too much debt. DDC has a plan to get to profitability that is being achieved.
In the past, I thought the rise to $2 was a stretch on valuation and not based on any news. Calls for $4 at the same time were not rational, to me at least, I admit that too. Anything below $1 is unreasonable and won't be sustainable with the actual data that clearly shows the rate of revenue rise. I also don't think analysts are doing DDC a favor by pushing for $14M revenue by the end of 2021. Wow, that would be amazing and impressive and I think it is possible but what's the rush? With $35M of cash, every bit of growth makes the time line even more sustainable and appealing. Michael Zahra and his team are the right people for the job and have done wonders to promote DDC and its position as a leader and professional company in Canada and internationally.
This Board seesm to be split balck vs white, bull versus bear, basher versus pumper or whatever. It's okay to be critical on some things, like the optics of management selling, but it's pig-headed and not logical to say that $194M revenue and all the achievements and strong cash position are not impressive and to not repect that. Overall, DDC itself is doing great and the right people are in the right places in that company.
Bottom line, this last quarter was a terrific one. Something DDC should be proud of and build upon. We, as investors, should recognize and respect that.