Thursday, August 26, 2021 1:02:14 PM
They pulled out of the USA because 99% of their business is done in Europe. I've owned business for over 30 years. If you have a department that is not profitable you either pour additional funds into it to try to make it profitable or cut it. I believe they did the right thing by cutting it. It is what I would have done.
Unfortunately they don't control the share price. If every company did you would never see any share prices come down. It's big money that controls things. When the sector turns around, whenever that is you will see the share price climb.
I agree that the audits are taking too long, but as a long time holder and one who will be in this stock for years to come, while I'm not happy about it, I'm okay with it.
It is my understanding that they completed the Swiss audit before they started on the USA part, probably thinking that it wouldn't take long since they didn't do much business in the USA.
If the audits show what I believe they will, which are the numbers they have put out the share price will go up, we will get up listed and any acquisitions that they add will only increase the value of the company. We've really only been in business in Europe 18 months. We'll do close to $30M this year. What will happen in the next 18 months. I have my money on future growth and a tremendous increase in share price.
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