Post by
SunsetGrill on Aug 10, 2023 9:58am
And now for Butt's Cox's erroneous predictions of last week
Wrong AGAIN!!! Even though he covered all bases (so he thought) LOLOLO
As far as WELL goes, I would pay close attention to the Q coming up. Here are a few things that comes to mind.
1. All insider's selling, not one but all.
2. NCIB. They did the same thing last year. Bought a measly 50k shares then Hamed and gang went on to sell over 8+ million shares or as they called it tax planning.
3. Only reason I can think of with Insider's selling is a coming DILUTION. Everything is lined up, they are running low on cash and with some of these recent aquisition, it is just a matter of time.
4. There have been no buyers in the stock the past few months, the only reason the stock is constantly propped up is because of the relentless pump campaign of NRs.
5. Pay close attention to profit, net loss, cash. If they are profitable, then sky is the limit. They have been promising this for a while now. If they lose money again, expect to see a nice haircut. If the cash balance dips then they will have to dilute very soon. AND ONCE AGAIN IF THEY ARE PROFITABLE THEN SKY IS THE LIMIT. Not REVENUE, PROFIT. I doubt it.
Just my 0.02 cents. It is just my thoughts. Good luck all, be diligent, a few more days to earnings and hopefully no delays.
Comment by
Noshortsallowed on Aug 10, 2023 10:15am
Somehow he says the only thing that is important is pure profit even though it is well known that the important factors for a growth company is the history and prospect of revenue growth while paying attention to debt levels and use of cash flow. WELL is firing on all cylinders on those fronts and that is what is leading to the positive market reaction. This guy is a fear mongering turd.
Comment by
SunsetGrill on Aug 10, 2023 10:21am
Or put a better way Butt cox is just plain WRONG ALL the time.
Comment by
BudFoxx2020 on Aug 11, 2023 11:29am
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