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Friday, April 01, 2016 4:58:06 PM
One of the biggest factors is future direction. Hegyi has some pretty substantial patent experience, which makes me wonder if they'll be trying to corner the market on some new technology here soon. In a multi-billion dollar industry, reliable equipment doesn't come cheap. When it does come cheap, it breaks in 3 weeks. See also: hidhut and their debacle with digital ballasts.
It could be in LED or ready grow systems involving coco + other alternative mediums. Or it could instead be something more interconnected with the dispensary and grower network.
All speculation at this point, but they do still have the solid foundation that the previous CEO's left behind as they slinked away in shame. I think we can all agree that Hegyi is head and shoulders above his predecessors, but that we need to see what their planned direction will be.
Not that I expect history to repeat itself, but last big run took several months to accumulate and didn't speed up until it got over .20. They need capital and I believe selling stock is the current door to staying afloat.
It is a good sign that their website is selling out of products quickly, but a mutually bad sign that they aren't restocking as quickly as customers would like - this points to a need to Improve inventory control.
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