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I’m thinking you’re correct. $BLPG
All true especially your last part and the points made by new friend really had no merit other than our PPS is ridiculously low , like we didn't realize this.
It is obvious we $BLPG are doing very well for a small company. The share price will turn around and follow our growth and much improved fins. PPS way below (many times below) any fair multiplier imho.
I assume you are remarking on US market gross ? We are in 4 states. We service other industries. $1.4 Bill "cash" processed in 1 yr seems monumental for such small piece of the market ? What am I missing ? We aren't in Ca or NY or FL. "Chasing a failing industry" ?? Not sure where you think this MJ industry is heading but I think it will find its balance eventually. Problem as I see it is oversupply and black market combined.
Profitable and growing companies with great balance sheets and zero dilution must be overlooked down here ! Maybe if BLPG would put out countless bogus PRs and sell billions of worthless shares we could see a rise in PPS . But seriously I am baffled at the lack of interest.
It is baffling the masses miss this. I think it’s about to turn around though. Finally. $BLPG
They put out very little but always meaningful. Maybe frustrating to some because so many worthless ones in our catagory putting out anything for a rise in PPS so they can dilute. After many years $BLPG$ does not dilute period. Successful and ZERO DILUTION
We have not only survived , we have thrived in an industry that is still finding its footing with many fails. The PPS doesn’t show it yet but has little choice but to grow with the company and of course it’s way undervalued in my opinion. Paytience for sure now !
Impressive. Looks like we are doing quite well. BLPG$ Only going up from here. Nice work.
When’s it’s 10x current PPS it will be at half its value imho. GLTALongs.
#me too. Lol
Well the old boy "help me" is 70 and his last post was November 16, 2023 looks like. I pray he is ok. A pain in the butt here but still well wishes from me to a fellow fisherman !
I’ve been wondering the same thing. Even though he is this stocks nemesis, I hope he’s doing well. I would hate to think something has happened to him.
LOL no doubt !
Hmmm wasn't me
Seems someone has that tax sale strategy a little backwards this morning. Or Preparing early for 2024 which could certainly backfire. Happy New Year with more growth for BLPG along with less debt and higher profit margins. Great year ahead.
This one is definitely a head scratcher based on much positive financial info. It would be nice to hear from the Bear Man and see where this ship is headed ? This MJ industry has been hit extremely hard after Covid lockdowns ended so I am glad we are still alive and GROWING as many went down in flames over the last couple years. GLTA Longs !
Lol ! Happy Thanksgiving everyone.
Pretty quiet here today after such good news. A share buyback would show their confidence in the BLPG future. I would be all for it and would make sense at the current valuation. It would be good for the SP I would think. Hope they're reading here.
It has its possibilities, always did. Depends partly on its proprietary software and if government is interested. Good luck.
Maybe Dan Allen is not so bad after all ? Terrific News ! Things looking up and not the types to run endless pump PRs like so many here. Probably can take this to the bank. Will be nice when we see $1 again.
Since BLPG is not a one dimensional company the “safer banking act” if adopted could be a major boon for BLPG. We’ll have to wait and see if it passes. I’ll be surprised if this even happens within a few years. So much regulation to bypass and many hurdles still.
Congratulations on the Kings ! Those are some of the best imho. I haven't even had a chance to fish once this year. Darn. Ive taken on some large projects that may even become bigger but I plan on fishing next year if all goes well. The worst day fishing is better than the best day working.
Money still here and have not sold any shares. Have been considering buying more but have not yet. GLTA
I happen to agree with everything you said. I'm probably not smart enough to be afraid of anything in this shite show or even bitch about it. If they drop it a little lower I'll have to buy some more. GLTA
Still here just very busy. Getting very hard to resist these crazy prices. I may decide to pull the trigger soon on more. GLTA
Agreed. We will only grow. PPS artificially low imho. Simple industry average multiplier shows value many times current PPS imho.
When retail had this over $2 PPS we didn’t see any dilution or any management sell even one share. In fact they retired a few. Seems we are growing and maybe the blame is more “all” retail at our current PPS . Seems like dirt cheap to me and my guess is that the older folks running things are looking for a retirement exit strategy ? Just a guess and that Andrew Berman will reveal at some point the current management exit and where we are heading. Jmo.
We appreciate our bartenders ! I’m not going anywhere. If the powers are able to take this much lower even maybe to a penny I will buy a lot more.
Much of what you say is true with the exception of flower price in some areas which I have direct knowlege of. As far as BLPG being dead is probably not what Andrew Berman thinks. Stay tuned of course. Good luck.
Flower price shows general health of entire market imho. A barometer so to speak.
Keep in mind MJ flower prices are beginning to stabilize and even increase in some areas of the country. I figured about a year or so of the blood bath before emerging victors. We will prevail as has been proven. Those jumping now after the worst is probably over may wish they hadn’t.
I still don’t hear any fat lady singing yet. Long and strong here. Take this to a penny and I’ll take all the shares. Good Luck to all longs.
I had the same thoughts and expectations but why cry over spilt milk. Better to hunker down or just sell and take the current loss and move on. I still think we have a strong company that could see a dollar plus again. BLPG is a survivor and has proven so. So many in the MJ field have collapsed but we are standing and expanding. Just maintaining our revenue through the near collapse of the industry shows our strength and staying power. This is a big deal. $BLPG onward and upward !
I agree with everything you said with the exception of being priced exactly where it should be. All things considered my opinion is we are worth multiples of our current PPS. Of course the current price implies otherwise. I’m maxed on shares without doing paperwork and I hate paperwork so will probably call it good for now. Good luck to all longs. I still believe the long term outlook is great here.
Just a straightforward and honest statement of the truth with BLPG. That will never do in the pinks. We need LOI’s and lies and more lies and never ending share dumping of billions of worthless shares before people will take a chance buying into a REAL COMPANY.
Don’t think I’ve ever read one in the pinks that doesn’t have that disclaimer. Things are good from what I see. My opinion of course.
Q due today