The Note Holder is selling down to convert the debt at lowsIf you are long and still think this company has great promise as the fundamentals look good, helped by the news yesterday about a hopefull operationally profitable Q4 for 2021, then the only thing to do when the price is very undervalued by key investors so they can get 10's of millions of cheap shares is double your share count imo. They are long and strong clearly loaning PKG milloins of dollars on demand, just opportunist trying to get their remaining notes to convert at as low as possible so they get as many shares as possible.
Revenue of the new combined company was 12 milloin in 2020, hopefuly $14 million for 2021 which we find out in April. Great value here even with all the new shares. Thinking out 12 to 24 months when PKG hopefully breaks 20 million in 2023 or higher with a few more acquisitions then we will find a much higher market cap then 8 million or so now. If you have waited 2-4 years already whats another 1 or 2 eh.
Hit the bid at $0.04 cents and be patient, they might keep dumping to get the volume tracking that low. I would grab some 4.5's as well so split the buy to hit the bid and the ask. Look to add in March if its low again and again in the summer as summers can be pretty bad for penny stocks so good add times; plus notes maturing. Be patient, once this is done and the share count up to 200 million or so and these debt holders are all filled up, well...lets just say I hope to have as many shares as I can coming out of the summer in to fall.
Could run anytime of course, as is with penny stocks, so waiting till summer is not my style to add, especially since the news flow started and he said more to come soon. The Q report out in April should be positive showing all the revenue from the new combined entity to Dec 31 and so I would hope that will move the price up from the floor but who knows.
What we do know is it's still growing, getting profitable with higher margins, expanded to the US, and has key new investors who put in a few million and want 10's of millions of shares. Shitty days but sure seems like a good mix for a great run when things are all ready.
Bullish in spite of the crappy price and long and strong baby!