Medipharm Labs Corp T.LABS

Notice

[QContinuum1]

Notice how the chatter on the board is over a totally immaterial and nonsensical item like the Hope facility.  I mean, fine, liquidate if it's not being used but honestly, I don't much care, not even a little.  Will it help with operating costs, sure, but this kind of decision is what you'd expect ANY mature leadership team to make  so really, again, who cares.

What everyone should be focusing on is SP and why it isn't moving and what leadership should be doing to make it move.  A share buyback is the only meaningful immediate term thing they could do to make existing shareholders very happy while at the same time announcing that this business is the real deal and ready to make hay.  Keeping the power dry for another aquisition is NOT what this business needs right now.  If we're shuttering a GMP plant in BC, capacity is clearly not an issue.  So the effort would be about buying revenue, which is fine, but this business isn't mature enough yet.  Wanna be Biovail, I'm good with that, but the SP needs to appreciate and immediately for this team to continue to have my trust.

I don't expect LABS to follows necessarily with the ebbs and flows of the sector, but I do expect it to slowly sawtooth itself up over time, like the dumpster fire Canopy has been able to do.  If they can, why not LABS?

[Solid1]

Medipharm Labs should file a complaint with the Securities and Exchange Commission for price manipulation, I think that would help the most  

[Olaf123]

Respectfully, selling a facility at the right price could give management the courage to buy back some shares. Keith has like or replied (I don't remember) to a tweet about lean management in the context of recession. They are extremely careful. 

[QContinuum1]

If $750k, when you have $17mil, is going to give you courage to do a share buyback, then I would argue they fear the wrong thing. I'm not saying that selling surplus capacity isn't the right thing to do, I'm saying that this is not what people should be focusing on.  A lot of people hear have been investing for some time, this past Q was supposed to be the real coming out party

[Olaf123]

I think they won't do the important buybacks that we focus on. I think we got a little chance if they sell that multi-million $ facility. Likewise, I had to be sure enough hat this 750k land sale was not the facility. You are saying a lot based thing that I agree with.

[alleyesonme]

Agree, 745k land sale is the tip of the iceberg, conservatively, 10m for the actual facility, that's 100m share buyback at 10c, increasing everyone's ownership percentage by 25% including insiders who collectively own 19.56%....MPLs market cap is only around 35m and breakeven/profitability is around the corner.  8 consecutive quarters of ebita improvement ...yes the share price is

[rfpl67]

I agree wholeheartedly!  And while we're asking, how about hiring a PR firm.  When you are a Pink Sheet penny stock you are the best kept secret in town!!