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Friday, April 01, 2022 11:32:03 AM
There's a lot of shareholders who own a lot of shrs, to say no one trusts them is not true imo
Admittedly, there are still some true believers out there...but it does seem like the tide may be turning a bit. Like MP, I'm sitting on a bundle of shares (and have been for quite some time), but seeing management's repeated bullshit tweets/PRs with no follow-up is really souring me on this company.
At present, revenue is the only thing this company has going for it, and at the levels they're posting, even with incremental gains it just isn't enough to move the needle. A generous 20x multiplier on current revs gives us a .004 PPS. Based on revenue alone (and using current growth as an indicator, since their announcements have yet to bear out), it could be *years* before we hit copper. With that kind of growth rate, and after so many disappointments over the last year plus (acquisition, distribution deals that haven't shown up in the fins, piss poor communication), folks who acquired in the trips are likely going to take whatever profits they can and jump ship - assuming that *any* shares are bought/sold (hardly a guarantee as we enter yet another 0 volume day).
None of this is intended to be bashy, rather this is a cry to management to get their shit together, put on the big boy pants, and start doing their jobs.
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