The name change was coming for obvious reasons. I was betting on VeritasMD. If they chose that name is because this new service brand is expected to be the biggest income generator down the road. It’s a $260 TAM business sector.
And it's launch date makes it accretive in Q1 which could guarantee the $100M in revenues (at least) for FY2021.
This is hugely material my friend. This PR is one of many catalysts that we were talking about before.
And only about a 2.6% dilution @ $23.00 per share. Most companies dilute like that with nothing to show for.
This means that Justin is waiting for the stock to get higher to get what he wants. A Non-dilutive financing deal @ very good terms. Very Smart.
Now we know that Justin, the CEO wants the best for ALL shareholders like himself. Yes, the deal was probably done last week Friday when the price was still between $20 and $24. So he is NOT giving any discounts anymore.
When the stock gets to $65.00 he can make another small round if he needs money until the BIG banks lend us the big money we need. They (The BIG BANKS) are going to be left outside if they don’t act soon.
And more institutional shares , more stability for the stock price.
This is the right way to go public. No SPACs or IPO. Easy does it.
Being in such a thriving sector of the health industry (Worth $4T), a PR like this last one with a $260B TAM, the ongoing and projected YoY growth (now being confirmed) and many more news like this coming this year, LONGs are really going to be LONGs. And the float is small. CVLB is a LONGs heaven! where your investment can relax, take a break and grow fast at the same time.
