RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CEO said, "we are undervalued". Okay, so how what is an
No reason to sell LABS yet, too many irons in the fire and potential for uptick.
That said, these irons need to materialize into concrete results this FY as there aren't any more excuses for kicking the can down the road. If by end of calendar year, results and SP aren't materially higher, then we've been lied to and/or the LABS leadership team is lazy and/or they backed the wrong partners.
Cash reserves are adequate, partner agreements are in place, product set is optimized, regulators have been appeased, jurisdictions have (and continue) to open. If you can't grow a business as a prime mover with that type of tail wind, then I'm not sure what the heck one needs. Stitch in apparent shortages of some products from other vendors and you may well have a perfect storm here.
We certainly need to transition however from a reactionary onesy-twosy goods vendor to a sustainable contract based special product provider. If our partners won't accept/agree to that, then they aren't partners and we need to find new ones.