Post by
MUTDMUTD on Aug 15, 2022 7:54pm
GOOD REALITY CHECK ON DM SP OUT OF WHACK...
... someone here triggered a memory of a stock I used to follow...TRIP... so I checked it out cause I haven't in a while... Comparable shares out to DM at about 360M .... Comparable market cap... Yet TRIP sits at $0.13... wait for it... Now I am not tripping on TRIP... in fact all I am saying is the following... If TRIP is at $0.13, then DM should be at about $0.50 or higher IMO... Why you say?... Here are the recent financials for TRIP:... SUMMARY OF THE YEAR ENDED MARCH 31, 2022... Revenue of $2,325,589 (2021 - $110,956) ...generating gross profit of $617,676 (2021 - $19,349) resulting in a gross margin percentage of 26.6% (2021 - 17.4%), Continued balance sheet strength including cash in the amount of $26,093,738, Property and equipment value $2,877,298, Total Asset value $32,938,665, The net loss for the year of $14,695,173, loss of $0.04 per share (2021 - $1,644,828, loss of $0.01 per share) was significantly influenced by non-cash charges relating to the impairment of intangible assets and goodwill in the amount of $5,937,015 (2021 - $nil) and stock-based compensation of $3,198,720 (2021 - $1,582,623), Four acquisitions were completed during the year ended March 31, 2022 (Radix Motion, Happy Caps, AEM Farms and Mera Life Sciences). The Audited Financial Statements and Management's Discussion and Analysis for the year ended March 31, 2022 are now available on SEDAR. About Red Light Holland The Company is an Ontario-based corporation engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, in compliance with all applicable laws.... ME AGAIN... So they had revenues of $2.3M and a net loss of $14.5M; that's what their fins say... if you don't know DM's previous quarterly fins or annual fins go look it up... Then also consider everything going on for DM... And that is why, comparatively I believe DM should be at least $0.50 or higher with TRIP at $0.13... and my opinion is that $0.50 is still undervalued for DM...if I had more money I would be putting it into DM ... ALL IMO... DYODD... ONLY TIME WILL TELL WHAT THE SP WILL BE...
Comment by
StuGatz3579 on Aug 15, 2022 10:55pm
There was once a connection between DM and Tickles. Not sure what happened. Also can't remember what exactly caused a little friction between Ryu and Tickles. But anyways, here we are today. SG3579
Comment by
Freedom10x on Aug 16, 2022 12:57am
In true form Datametrex gifted Tickles 1,000,000 share for no disclosed reason, then gave him a salary and spot on the board of directors. He accomplished nothing. Within 7months he vanished without a trace. There's no substitute for dilution, the possibility are endless.
Comment by
Iamapothead on Aug 16, 2022 12:45am
The difference is that Red Light has one vertical......dealing drugs. DM however has 4 verticals which is too many for a penny stock IMHO. Furthermore the bulk of our revenue comes from a declining market. We may get to your perceived valuation but I don't agree that we are there yet.