Well, in my defense, the 'pretty obvious comment' was snipped from a longer post explaining how the CBD/patent info is a longer term subject. :)
IMO this patent news and CBD/medicine hybrids are a little ways from being a revenue driver, and a few other dominoes need to fall for it to really be a cash cow (partnership, patents approved and successful at blocking any replication of process by 'alternative means,' etc.) It's not like they can block any CBD/Ibuprofen hybrid another company may produce... they just patent the extraction/production process. And IMO big Pharm will try to skirt it by altering it in some 'material' way. Who knows if they can or will. The patent was written in conjunction with IP attorneys, so I am optimistic. I think they will be great assets, in time!
The market seems to agree, for what it's worth. Longer term implications but not a big catalyst at the moment. Dropped the first PR on Thursday when the PPS was .08, and in four trading days since then... high of .085 and currently at .0751. Your statement "a company doesn't file two patents, be in an industry that is ready to explode, and position the company to be in the front seat of the industry and your stock price go down" is false. That's exactly what happened this week. (I know... long term it will be higher, agreed. Just would be nice to fire PR's off and see a PPS pop, huh? :) )
I like the news. Big potential... but I see it as a) farther away than suspected and b) needing to find a 'dance partner' to really be big money. Either to buy the IP rights or to partner with in production.
In general, for all the CBD talk, I think the bigger PR was the synthetic CBD. The farm bill is going down for the third straight year. Who knows when hemp will ever be planted and harvested in the US? Assumptions were made on this board that they would be passing it this year because the senate majority leader was behind it, assumptions are being made it will pass next year... I've been waiting on 'common sense' legislation in hemp, MJ, coal, oil, etc for 15 years. So making it in a lab is genius, and could be huge.
But you know what does drive revenue here? And the PPS? The stevia harvest. It's about 90% of $STEV's revs as a matter of fact. And it's underway as of a month ago. And the hemp harvest and website are months gone by...IMO that has the potential to be the second major revenue driver. Immediately. Aquaculture is the third. CBDs and patents? In time, yes. Not even in the top 3 this fiscal year. Likely not even any revs on the annual unless I'm way off on the timelines here.
So, obviously, all I want is the stevia and hemp harvest info. Because that might be what moves us back over $0.10. It's been 132 days since then. We slipped back under the 50 DMA today. Really wanted to hold that, especially with two 'big' PRs filed.
And now, the A/S increase is in 19 days. Tick tock.
Your good here Texas, in time. Just frustrating. I sold at .135, bought back in at .065. Sold at .092, bought back in at .0651. Which is to say that $STEV can be read like a book, IMO. We're in a channel until further notice of this 'obvious' info from the company. Then we run. All these patents and CBD PR's have not done a thing for PPS. They mostly just have ~20 or so shareholders already long here hyping each other up. IMO.
I fully expect a great quarterly rev figure, an outstanding annual rev figure, a large chunk of new shares hitting the market. I expected a run into the .30s this year. Now, I'm realistically seeing .15-.20. Love to be wrong. Huge, huge, opportunity here.
$STEV
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