JRSIS Health Care Corp (JRSS)

[Potse]

JRSS(.18)...accumulated a position......

Accumulated some shares of JRSS over the last week around the 14-20 cent range. Currently averaged in at a little over .182 per share. Risk/reward around this price area looks reasonably good to me. Although the OTC market is in an overall very different place/environment compared to the last time JRSS had a large price move (early 2021), it would not surprise me at all if JRSS had another fairly large move sometime during 2022.

The stock still seems to be relatively tightly-held, and the catalyst of the third hospital branch opening should occur here in calendar 2022. Once that branch is open and fully functional it will increase the hospital bed count by over 30%. At the time the company announced the formation/registration of the new branch, they projected it would increase the company revenue by about $8M. My hunch is that number is going to turn out to be somewhat conservative (I'm thinking it might end up being closer to the $10-12M range).

Seems entirely possible to me that JRSS could produce yearly revenue of $50M once that third branch is in full swing. So buying JRSS at a market cap under $4M looks like a pretty interesting risk/reward situation.