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Wednesday, May 22, 2019 5:52:34 PM
Financials most likely won't be out till next week.
Valuation of IP - He express MDTR is a very conservative company and the valuation 'could' be higher than previously stated. Everyone keeps thinking the worst (overstated IP), but did you ever consider it could be understated? They should have the valuation today or this week.
Restate Past Financials - There is a low chance of this and again, what if they revise at a high valuation?
This was a perfect storm out of their control. They were ready to go with financials on April 6th. But, they had to get this valuation. They also switched audit companies to a larger company to help with their growth - Prager Metis. This company was also backlogged for other reasons.
They did everything right with the combination of the reverse split and releasing financials, this would be in the $2 range or higher. Also, their goal is the capture 5% of the cannabis packaging market by 2023 ($12 billion industry by then). Business is doing very well and we will be happy with financials once released.
I am convinced this is a solid company and those who weather the storm will be rewarded. The negative people the post here daily wouldn't do so unless they have a short financial interest.
Nice rebound today, this company isn't going anywhere.
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