Post by
Pedal2themetal7 on Aug 21, 2020 11:37pm
Reverse Split
Anyone who's an experience investor knows that only a handful of companies have ever been succesful with a RS. A RS would artificially raise the SP, and without 5/ 6 solid Qs no institutional investor would contemplate investing and the SP wouldn't be able to sustain the increase, same as Aurora.
This is a penny stock with absolutely no traction, go ahead with a RS and you might as well flush it down the toilet. The only reason why Aurora went above $20.00 is because it was manipulated for deep pockets recovering money. The last time I checked it was around $12.00.
Supreme has to grow organically for a few years and if they can have a decent Q4, show steady growth and profitability the share structure will be a thing of the past.
Makes me laugh when I read about people complaining about Supreme's mistakes. All canadian LP's have made many mistakes, this is a new industry, and numerous LPs employed unethical and questionable practices while Supreme remained compliant, ethical, maintained its integrity and continued with their laser focus on quality product.
The company is proving to be nimble is this ever changing market, I don't think investors realize how hard it is to modify and restructure parts of the operation in such a heavily regulated envirnment.
I don't like to see the SP at .18 but I believe if we can have steady growth for the next 4 to 6 Qs we could be pleasantly surprise. IMHO Still very volatile and unpredictable and many more will be defeited.