The contents of quarterly reports and 8-K's can mo
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Posted On: 04/29/2021 1:56:09 PM
The contents of quarterly reports and 8-K's can move the stock upward with sustained momentum, if the revenue growth and especially profits are impressive enough.
I'm sure the 10-Q's we're waiting on will show nice revenue growth, and the management team is currently working on very exciting things for accelerating revenue growth moving forward. I firmly believe that if they succeed, and I also firmly believe they will succeed, they'll fast track RMHB to profitability.
In my opinion, with everything they have ready to leverage for product, as strong revenue growth comes together with cannabis/CBD reform which is moving forward very nicely, RMHB will explode and the company will up-list to a major exchange.
For longs, this will no doubt be the toughest point in the test of patience. To me, the evidence says continue to hold. Despite the DOZENS of times the bashers have lied (especially on LieHub) claiming that insiders were dumping all of their shares, there has never been a single shred of proof. All previous 10-Q's and share structure related filings have shown that they're still holding their personal shares as they work to build a world class company.
The other point I was trying to make when referring to the low unrestricted share count (float) is that the stock moves easily. Green is coming IMHO. Faster for some of us than others, but it's coming. If they succeed like I believe they will, the wait will have been well worth it, and especially for those of us who've averaged down some while waiting.
Many are strictly momentum traders, not looking at facts like those I just pointed out. When the pps drops, so does their confidence in the company, and conversely, when the pps goes on a bull run, so does their opinion of the company and their progress.
This is wrong with a company at the point in it's development that RMHB is at. They can be working on things that will cause the stock to run hard to new and sustainable highs even as the price is not reflecting that work. Not until the RESULTS of that work are reported in PR's and filings will the pps reflect it.
As a result, many unfortunately buy their shares at the top of a run instead of at the bottom of a drop. It takes being well informed and possessing the "seasoned" strength to overcome that natural tendency or "backward" strategy. Anyhow, despite that many have surely forgotten what the company has hinted about what they're doing (along with some of us using this board), it's surely worth holding to see what's coming next in my opinion.
I'm sure the 10-Q's we're waiting on will show nice revenue growth, and the management team is currently working on very exciting things for accelerating revenue growth moving forward. I firmly believe that if they succeed, and I also firmly believe they will succeed, they'll fast track RMHB to profitability.
In my opinion, with everything they have ready to leverage for product, as strong revenue growth comes together with cannabis/CBD reform which is moving forward very nicely, RMHB will explode and the company will up-list to a major exchange.
For longs, this will no doubt be the toughest point in the test of patience. To me, the evidence says continue to hold. Despite the DOZENS of times the bashers have lied (especially on LieHub) claiming that insiders were dumping all of their shares, there has never been a single shred of proof. All previous 10-Q's and share structure related filings have shown that they're still holding their personal shares as they work to build a world class company.
The other point I was trying to make when referring to the low unrestricted share count (float) is that the stock moves easily. Green is coming IMHO. Faster for some of us than others, but it's coming. If they succeed like I believe they will, the wait will have been well worth it, and especially for those of us who've averaged down some while waiting.
Many are strictly momentum traders, not looking at facts like those I just pointed out. When the pps drops, so does their confidence in the company, and conversely, when the pps goes on a bull run, so does their opinion of the company and their progress.
This is wrong with a company at the point in it's development that RMHB is at. They can be working on things that will cause the stock to run hard to new and sustainable highs even as the price is not reflecting that work. Not until the RESULTS of that work are reported in PR's and filings will the pps reflect it.
As a result, many unfortunately buy their shares at the top of a run instead of at the bottom of a drop. It takes being well informed and possessing the "seasoned" strength to overcome that natural tendency or "backward" strategy. Anyhow, despite that many have surely forgotten what the company has hinted about what they're doing (along with some of us using this board), it's surely worth holding to see what's coming next in my opinion.
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(3)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
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