$POND still holding strong at the $0.60-$0.70 trend range. The recent Q1 financial results have increased my confidence in the company/the future.
- 58% increase in revenue to $1.5M
- Lower YOY Q1 net loss
- Plans to begin commercial production of recombinant proteins following the final testing of a new bioreactor design
https://www.newswire.ca/news-releases/pond-technologies-holdings-inc-announces-filing-of-2021-first-quarter-unaudited-interim-condensed-financial-statements-and-md-amp-a-861053992.html
$POND is one of my favourite companies targeting the rapidly growing sustainability sector because of their unique technology. They use bioreactors to grow algae and reduce emissions with the algae while simultaneously harvesting the grown algae for use in other items such as medicine and plastics.
They have the idea and the technology to back the picture, all I’m waiting for now is for the company to scale the tech across the continent/globe. I’m not selling any shares at the current levels because I can see this being a $1.00+ stock in the future because of climate change concerns and the scaleability of $POND’s tech.
https://financialpost.com/technology/every-smokestack-is-an-opportunity-company-harnesses-algaes-voracious-appetite-for-carbon-emissions