Its literally, just that the market hasn't woken up to it yet. Yes I'm being serious!
It's literally called market sentiment. You can see it across Ihub, the heavy hitters all have their favourite stocks that various and different groups are running up at the moment.
In the year 2000 it was the dot com boom. That burst and folks lost a lot of money and the market finally realised that unless you had a revenue producing website, already, when the bubble burst on stock prices and market valuations, then your share price would be heading back through the floor. They sure did too! Companies at that time were trading on a PE ratio (Share price divided by earnings) of anything like 50 60 or 100 which was insane.
Sometimes a company with good strong fundamentals gets "forgotten" by the market, and needs a gentle push to remind folks of what amazing intrinsic value is locked up and is clearly demonstrable by solid evidence - like AUDITED financials in this particular company.
In 2014 when so many companys in the hemp/MJ business just ran their AS count to several billions, issued shares to fund their lavish lifestyles, then carried out several Reverse splits along the way killing all shareholder value, this gem of a company is already profitable and so far removed from all that kind of bad business practice.
In the last MJ rush in 2014 a lot of crooked CEO's in OTC land saw what happened to the share price of companies that made announcements that they were going into MJ. It was quite possibly as much as a 100% spike in their price or more - just by saying they were "exploring" possibilities. So those crooked CEO's put out a PR waited for someone on Ihub to find it, start buying then sell shares shares into the spike and never do anything to really go into MJ at all!
People got wise to that though - finally. If the CEO had a reputation of never delivering anything but shares to dump on the market folks soon got the idea, that they were pumping their company to sell shares!
However, as far as UBQU goes we have to help this company get back to a fairer valuation based on VERIFIABLE fundamentals in the accounts - maybe ten times gross profit? Ten times sales, ten time earnings and so on ....
What's the big deal about AUDITED financials? It's simple - when you sit down with your CPA to prepare the accounts, if you say you bought $2m of product, you need to show him a receipt, or a warehouse full of the product. If you say you have $2m in the bank, he needs to see either a real time screen showing the balance or banking statements. If you say you've sold $2m worth of product, then you need to prove it.
Why is it that way with Audited accounts? Well, because the CPA is putting his name, job and reputation on the line when he signs off on the accounts and says "I believe this presents a true and accurate picture of the company as as XXXX"
At the moment, it's ridiculous that UBQU will quite likely have gross profit of at least $1.5m this year but its current market cap is $2.5m! lol
Here's some good examples of market sentiment. Amazon, if I'm not mistaken has never made a profit. However it's share price closed on the NYSE at $818.99 last night! It's all about perceptions.
We're just changing the market's perception of UBQU. We're getting there very nicely as we will see in days to come this week.
I hope this helps?
That's my view.
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
