RE:Why is everyone so obsessed with PR?
QContinuum1 wrote: This DEA decision is great news for the sector and maybe even for LABS. But it doesn't matter whether Pidduck goes on BNN etc etc and sings from the hymn sheet or not.
The only thing that ever has mattered for LABS is results. LABS has never benefited from hype and that won't change now. We're not looking for John Q micro-investor retail guy, we're looking for institutionally deep pocket types and they will only come once the numbers story makes them look twice.
If Pidduck and Hunter aren't liars, that time is within 6-8 months.
lol ok so your not looking for people like you and me to take a position in MPL because of the potential this company has???
moreover if more people like us don't take positions in MPL and get the price higher no institutional investors wil be interested in MPL. The stock needs to be above $1.50 consistently for an institution to take notice and with a $1.50 SP you have to have the revenue /profit numbers over multiple quarters to go along with it. Yes then maybe an institution will take notice but they will want their shares at a discount I'm sure so unless MPL needs cash quickly for an expansion or something like that and do a PP giving them the required discount they may still not get in.
that will take more than 8 months in my opinion
I would bet on a bigger player coming in and buying us out as a more likely scenario