RE:July financials will be all time high!!!!Not a bad pump...better than most on here.
Just a few thoughts...
1-No one knows what rev's they bought and how much debt was assumed. Zest could be another dying company trying something before thier own bankruptcy.
2-Still no details on GNC (not AMC) order. So far, we've only heard from LFST. If Amazon is any indication, sales are not improving fast enough.
3-These rev's may improve, but margins may not due to the price compression across the industry. We don't know if it will be enough to get profitable.
4-Australian vapes may take a hit due to new laws on vaping, and competition is only increasing there.
5-We don't know how much overhead expenses have actually been cut, and how much Zest has increased them.
6-Like you said, it's just a guess at this point. In the last few years, they have never seen a price increase hold after ER's. This is why they no longer have any institutional investors or even analyst coverage. They don't even do ER calls anymore.
I do respect how you were quite civil in getting your point across, so thanks for that.
GL
ddtruthdd wrote: Money talks and bullshit walks lifeist financials in July will be all time high. Just based on last 10 news releases
1. There latest release acquiring zest a million dollar company for shares of there company at 5 cents a share ask yourself who in there right mind would sell there muiti million dollar company for 5 cents a share and receive no money if they were not given Insider information that would assure them they would not lose there money as well there financials will now show in lifeist fins next month
2 AMC this is massive the received there first purchase order for how much???? Amc has 5000 stores and mikra retails at 100 dollars even they stock 1500 stores to start and bought 100 units each store at a wholesale price of 20 dollars that's 3 millions dollars
Plus mikra is on amazon
And they sell it one there own we site
3 roilty brand has massive market share is some provinces 50 percent there numbers will drive cannamart revenue through the roof
4 Australian vapes since the floods have ended they have started bringing in 1.5 million a quarter as usually
They have cut there overhead in half there's expenses is decreaseing drastically
Meni always mentions in every release profitability is his top priority and its clear now
My guess is we is revenues hit 10 million this quarter with excellent margins And lfst always likes to announce improve earning prior to release of actual fins were a few weeks away I'm holding my position and reloading its obvious when dust clears lfst will be one of the last companies standing the market will wake up and lfst will fly
good luck to all lfst time is coming time in my opinion it times to buy lets go lfst cheers