InvestorsHub Logo
Followers 2
Posts 122
Boards Moderated 0
Alias Born 07/25/2019

Re: None

Wednesday, 09/11/2019 9:23:43 PM

Wednesday, September 11, 2019 9:23:43 PM

Post# of 186021
I feel like the issue today is that the company is too transparent, and the expectations for the 10Q were too high. Don't get me wrong the 10Q was great and I bought 100k yesterday, and another 50k today. Investor deck said we would make $50k less than we did (could be the $50k in BLF revenue that wasn't built into the investor deck), expenses went up a lot, but for a good reason. The company isn't profitable because it is in a growth phase, every dollar it earns it spends to expand the company and increase revenue. There is no toxic debt and there was a lot of great "hints" in the 10Q and the CC. That being said if you look at this from a financial perspective (and no institutions bet on earnings for this company) a $50k revenue beat with a much higher cost of revenue is a "bad thing" from an financial stand point. We all understand that the increase in cost of revenue is going to lead to a much higher revenue in the future due to BLF startup costs etc, but from a "how are we doing right now" financial perspective it looks like a negative. I was very happy with the 10Q and the CC yesterday and did not see a 25% drop coming today but it is what it is. I'm in for the long haul and not selling for a couple of years. Call it market manipulation, blame Clay, etc. whatever it is what it is. Just sit on the bid side and increase shares on days like today. If any of the things in the CC come to fruition (like just about everything in the investor deck have) then it's a no brainer that the share price will have to increase. If you can't wait for another few quarters then this stock probably isn't for you.