Komo Plant Based Foods Inc (KOMOF)

[AgeOfReason]

One thing I noticed since yesterday is that in the filings made over the past few months (as reported at https://ih.advfn.com/stock-market/USOTC/komo-plant-based-foods-qb-KOMOF/stock-price ) the amount of short interest in KOMOF has risen to about one-half that of the average daily volume of KOMOF. The amount of the short interest hasn't changed greatly over that time period, but because the average daily volume has dropped dramatically the ratio has increased dramatically. That has me concerned because it seems to me that a huge percentage of the selling of the stock is due to short selling, but maybe the ratio just means that are a lot of open short potions (instead of a lot new short sells) relative to the average daily trading volume. But when dramatically good news comes out, many of the short sellers will likely be forced to cover and that will likely quickly drive up the price of the shares.

Regarding good news, I think the report for the quarter ended January 2022 will be filed this month (but maybe it will be filed in April). Also the Natural Product Expo West (NPEW) show, in Anaheim, California, will taking place starting tomorrow (Thursday) and running through this Saturday. Until shortly before making this post I didn't remember that the event would be starting then. Hopefully soon after that event is completed Komo will announce a major USA retailer (with a physical store, not merely an online one) has signed up to purchase Komo's products.

In order to get an idea of what Komo's vegan lasagna tastes like, last weekend I bought a competing brand and this week I heated it up in the microwave. It tasted good, though not great. It contained tofu. It had tiny cubes in it which I think was the tofu and the cubes tasted good, though not great. I think Komo's lasagna will taste much better to me.

In one of Komo's financial reports I noticed that is said Komo licensed technology (or processes or flavoring), or something to that effect, for making plant based meats. That is good news to me and think Komo is already using such in their products which contain a plant based substitute for animal meat.

Yesterday I had committed to buying back Komo (including many extra shares) when the price was very low, but I changed my mind. I now have another order to buy it but I don't know if I will get another chance to buy it that low. On the other hand, over the next several days the price might even drop considerably below my current bid price. It is very hard for me to determine the future approximate bottom for the stock price, and thus a future very good re-entry price for the stock.