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Friday, January 17, 2020 12:34:14 PM
Many on this board think a good corporate strategy is to wait for the FDA and/or legislation to save the company.
If that's your thinking, you're going to lose all your money in the market one way or another.
The ONLY way to save the company is to keep increasing sales and subsequently they will beat on earnings. If they are selling more and more, the rest will take care of itself.
TR brings up some good points. But my take is a little different. While it is obvious that sales are important, I do not think that sales is the ONLY thing to consider. True, a company with declining sales quarter after quarter is in trouble, but there are other variables at play here.
While I do not rely on the FDA legislation to 'save the company', I do think it is a manditory event. It needs to happen. Without it, CVSI is destined to stay on the OTC and remain at the mercy of the market makers and whoever else is pulling the strings down here.. no matter how good the sales are.
Having sales is great, and we need them to continue to climb.. but they are not the only thing. They alone will not save the company.
Just my humble opinion.
A fool and his money is a friend indeed.
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