With this float and my experience with this company, I'm 99% certain it will never drop below 50 cents, which is still good profit for me. I don't like paying taxes. I had to dish out a lot of taxes last year, and I didn't sell much of anything in the way of capital gains. I don't know. I have an order to sell 1,000 shares for $2.00 right now.
What I know for certain is they had working capital of like $1.5 million way back in March. I like what I see here. Looking at he financials again, I'm seeing probably $2M in sales this year. They were getting close to profit and a startup doesn't need to be profitable this soon. I want to see these sales ramp up because that will give them leverage. I really wasn't expecting to find myself in a legitimate company with such good talent and passion. I was expecting a pump and dump and your typical scam company to buy the shell and fleece investors. I was positioning myself for a pump, not for an investment. No matter what happens, I'm going to keep 2 or 3 thousand shares on the table to see what happens over the years.
I'm also confident it's not going to drop much below $1.00, IFF it does. Again, going back to the float, there are no sellers here. And every buyer is in at a higher price. Their profits are no where in league with mine. I speculate there will be a secondary offering in the future for another acquisition, something bigger. I like this Venegas guy, the CEO and currently the CFO. I can't find dirt on him to save my life. He has an amazing history.
I actually suspect that the board members of the previous company it was, Spkl, may have wanted to recoup their losses and maybe found Zachary and not the other way around as I was thinking. The board put up their own money to finance Spicy Pickle and then, in a long story, ended up buying its assets at auction and own Spicky Pickle through a private company called capital franchising. I know for certain they still had millions of shares on the table, and they would have to be part of that float. They will never recoup their losses due to those reverse splits. Not solely with this formerly empoty shell anyway. But they can recoup some, plus their private venture in Spicy Pickle, of course. But that's all just speculation. Pure speculation only. Less than speculation. Just a possibility in this last paragraph.
But in the end, there is no conflict of interests here,so I'm going to hold out for $2.00 and above. And sell some here and there. I'll record it all on the board, time stamped verification. But, yes, I do need to unwind some exposure if it goes higher. This stock has never had a rally. Never had an exit strategy yet for its investors. It never went to to the opublic for capital yet. There is no reason to sell when those conditions exist. It's not liquid. Not for the venture capital. For me, yes, it's liquid enough for me to jettison another 8,500 shares in a few days or weeks. But this tight float is a good insurance policy. When it's liquid for the real money, it's going to be a real rally. But you heard it first here. I'll revisit this post.
