NEWCOMERS TO MSMY PLEASE READ:
If you believe in the old school adage that "earnings drive the market" then this is the best Pink play you will find. They became Pink Current about 6 weeks ago. They are assessing the idea of applying for QB status where the MMs are less likely to take up large short positions against the shareholders. This is trading up simply on increasing revenues and profits.
Yes this stock actually has a positive PE. They turned the corner of profitability in the second half of last year and have been driving forward ever since.
Q1 Revenues were $422K with a 62% margin and a 19% bottom line number. Q2 is due in coming weeks. I am looking for about $575 top line revenues with a 64% margin and 22% bottom line. That will be a record Q. I am predicting this company to do close to $3M in revenues over the next 12 months.
We have been told to watch for 40-60% revenue grown in coming quarters. And to watch for more record Qs before the end 2021.
They sell to California Walgreens, Costco, Albertsons, and Pavillion stores among their 400 or so open accounts
. The new sales manager is exciting and transparent. Additional production personnel have been hired to handle the growth.
The CEO is so business like he is kinda boring. He has ordered high speed ultra modern equipment to enhance high volume production. He's the kind of guy who will make sure production capacity will support the demand before they roll out to Walgreens and others nationally.
Technically it tried to check back twice lately; both times it was met with a strong bid and ran back up again.
There has been zero dilution and we have been promised that no reverse of the shares is even being discussed. They run their entire operation easily with the profits it generates. The debt is minimal and manageable.
I do not expect this to form a needle spike then collapse. Rather I am looking for slow steady growth upward for the next 60 to 120 days.
If you want an explosive stock that will run up 1000% in one day on some pipe dream and then collapse this is not for you. If you are looking for steady growth and a very safe OTC play I recommend you look closely at MSMY.
Follow the action on twitter at https://twitter.com/eclipse_liquids
There are also several twitter handles with large followings that have been beating the drum for MSMY
Good luck to all of us,
Moderators please sticky this to the top section of the string.