Fair enough hopefully the tides turn soon. I th
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Posted On: 05/31/2019 12:05:57 PM
Fair enough hopefully the tides turn soon.
I thought Rory did a great job with the Q/A and was very transparent, but based on yesterday and todays SP doesn't feel like the street took to it... we need some IR and look forward to more Back to Basics / SHACs.
We do need to attract long term investors but its obvious someone is still selling and at these prices it translates to almost ten cents pre-split. I personally think the selling is someone from the rent financing that is selling stock and holding warrants to to hedge their investment and if thats the case thats not a long term player.
At any rate, we just have to hang in there as we all believe in the deal and revenues are there now. Based on Q1 if the run rate stayed the same quarter over quarter (which I think we all know it will be higher) and a 15 times multiple its a $10 number. I think that is conservative and add the fact that we should be cash flow positive..
Anyway thats just my Friday morning thought
))
I thought Rory did a great job with the Q/A and was very transparent, but based on yesterday and todays SP doesn't feel like the street took to it... we need some IR and look forward to more Back to Basics / SHACs.
We do need to attract long term investors but its obvious someone is still selling and at these prices it translates to almost ten cents pre-split. I personally think the selling is someone from the rent financing that is selling stock and holding warrants to to hedge their investment and if thats the case thats not a long term player.
At any rate, we just have to hang in there as we all believe in the deal and revenues are there now. Based on Q1 if the run rate stayed the same quarter over quarter (which I think we all know it will be higher) and a 15 times multiple its a $10 number. I think that is conservative and add the fact that we should be cash flow positive..
Anyway thats just my Friday morning thought
)) 
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