Perhaps I am being too optimistic, but looking at the cannabis trends how companies have been growing and the big news on Dutchie's funding and acquisitions, I think Forian is about to look a lot more appealing. These are thought children, so if you have any ideas that add to or counter these, please share!
1. Dutchie is not yet publicly traded, so folks are going to start getting in on similar cannabis tech action.
2. NY just (finally) announced recreational cannabis legalization which requires a large expanse in the industry. This is a state where it seems BioTrack not only has the government contract but over 90% of the current market on commercial platforms. That number might be wrong, but I saw a pretty recent article that said as much.
3. NM, also just announced full legalization. BioTrack already has their government contract too. I don't know their current hold on the commercial system market, but there was an article from MJ Biz Daily that said it was close to 70% in 2019.
So I think they will get a big boost in revenue from commercial system expansions and government contract money. Right now their contracts are for medical systems, with the timelines those will have to get expanded in scope. I can't imagine all that added work won't lead to a big bump in contract fees.
Maybe I'm spitballing, but I was laying in bed this morning thinking about it and thought I'd post.
Hidden, it seems like you came out of it real good in my eyes. It's a lot a better conversion, even at this price, than I imagined. Your entry point is still way down there. You came out better than me since I sold at .35 or wherever it was. I came out good, but you came out better. It was better to do nothing. That seems to be the verdict *so far*.
Yeah, I suppose I should have known better. Not great, but it's still better than the sub 10 cent levels it had been teetering on. So that'd be what, $2 on FORA. Hmm. I'm still hopeful it makes it up. I have been hearing a lot of issues around the trades still, it's like they rushed it and messed a bunch of stuff up. I think with a little more momentum it'll bounce back up to $20. I'm going to finally unload most of mine closer to $22. I am not as open to risk as some, but this was all done with my "play" money so hopefully the play comes with some fun.
I'll buy 100 more at $7 IFFFFFFF it goes there. I bought 100 shares of KERN yesterday too, their direct competitor.
Already down $300 or so. Oh well, such is life. Since I have no clue how to value this yet, I'm just going to do some dollar-cost value purchasing. Slowly over months, iff my price is $15.50 or lower. Dollar-cost averagign is the best way to go here if you don't know, I think.
The downside, of course, is you get left behind if it behaves like Gamestop or Tesla.
I agree completely. I was kind of shocked at how few press releases went out considering what seemed to be the norm in the space. I feel it could have helped a lot on bringing better attention to it. I think it's going to do well now. This will likely remove the stigma of it being another "cannabis" company a bit.
Welcome to the Forian Inc. FORA Message Board. For those of you who have been on this wild ride for some time, take a rest, say hello. Today is the first day trading of the new company. We are expecting big things now that former Helix TCS assets are owned by a real data company. It was very murky for some time, and I for one am quite glad to see where we've come. I look forward to a strong and entertaining discourse. Cheers!