I think uplisting is important. I also think the timing of it is just as important. One problem that can happen is that momentum dries up after initial market saturation. There are no guarantees that this product can sustain exponential growth after some period of time. Even highly successful companies fall into "droughts".
For me I would have like to see this decision after the next FINS. Growing too fast can also cause problems (as they saw in Q1 with limited production). Sometimes this can cause a company to panic and make costly decisions.
Overall, I still like what I see with what they are doing. The current day to day PPS is irrelevant to me. I am looking for growth and reduced debt.
Here are just a few things on both sides of the fence. Healthy discussion is always good.
Pros
- Will reduce MM manipulation
- Opens up opportunities for larger investors
- Success opens up bigger opportunities
Cons
- Held at a higher level of accountability
- Small mistakes can be magnified
- Gaining trust after pitfalls can be a challenge with larger investors
For me I would have like to see this decision after the next FINS. Growing too fast can also cause problems (as they saw in Q1 with limited production). Sometimes this can cause a company to panic and make costly decisions.
Overall, I still like what I see with what they are doing. The current day to day PPS is irrelevant to me. I am looking for growth and reduced debt.
Here are just a few things on both sides of the fence. Healthy discussion is always good.
Pros
- Will reduce MM manipulation
- Opens up opportunities for larger investors
- Success opens up bigger opportunities
Cons
- Held at a higher level of accountability
- Small mistakes can be magnified
- Gaining trust after pitfalls can be a challenge with larger investors
Iconic Brands, Inc. (ICNB) Stock Research Links
Words to remember "Investing is a Marathon not a Sprint"
