Saturday, April 04, 2020 12:54:16 AM
JUUL was getting there, but ran into a host of problems which created a sort of vacuum. When they ditched their flavored products that hurt! Hurt them anyway, but opened a door (a very large, billion dollar door) for a company that could fill the void...legally, of course.
It looks to me like BIDI does just that and could, with their aggressive marketing approach, grab themselves a very large market share in a very short period of time. With a superior product and currently an 11 flavor selection to choose from they have an opportunity to build that loyal base that could bring in many, many millions (dare I say billions) of dollars in monthly/annual revenues.
I hate to use the term with all that is currently going on, but it fits, so...This is the type of product that could go "viral" amongst the "of age" college crowd and/or millenials. Both are clearly part of their target market with their battery recycle program and their upcoming global digital marketing campaign.
Very pleased with how they are rolling this out and extremely excited to watch the company grow.
Back to your original questions on share price...This has the potential to go absolutely ballistic and reaching, or exceeding, $1+ could come very quick, but there are lots of factors at play to determine whether or not that will happen.
We'll have to see how things continue to develop, but so far I have to say I'm very happy and I think this month is going to be an awesome thrill ride. By years end I think BIDI could be a very well established brand with some pretty massive revenues rolling in!
TG
AIMO and GLTA,
TraderGreen
Please do not rely on anything I say to make a buy/sell decision with any security. If something I say cannot be backed up with an official PR or statement from the company I'm posting about, it is simply In My Opinion Only
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