Komo Plant Based Foods Inc (KOMOF)

[AgeOfReason]

On last Friday the stock had an intraday low of 5.1 cents/share and thus nearly as low my tentative limit order to buy back shares. But now I am even more pessimistic about the future stock price, thinking it very possibly will soon close below 5 cents/share. For some time now the trend of the stock price has been steadily lower and still Komo does not have any its products in any physical store in the USA. That is despite Komo receiving authorization from the Canadian government back in September 2021 to begin exporting products to the USA! [See https://ir.komocomfortfoods.com/news-events/press-releases/detail/52/komo-plant-based-foods-receives-export-authorization-for-us .] I am tired of waiting for the products to appear in at least one physical store in the USA.

On January 13, 2022 Komo announced that "... all 7 Whole Foods Market retail locations in Western Canada will begin carrying Komo Plant Based Comfort Foods." But Komo has not yet announced that Whole Foods will carry Komo's product in even one store in the USA. Why hasn't Whole Foods decided by now that at least one store in the USA will carry Komo's products? I expected the expansion into the USA to be much further along than now. The longer the wait the more downward pressure there is on the stock.

The stock had a major surge in price on approximately the day (September 14, 2021) that Komo announced that it received authorization to "... export Komo Foods to other countries, including the United States" [or since about six days earlier when it announced that it began a "High Growth Trajectory with Retail Expansion and Reorders". Investors are waiting to see that export begin to happen in a big way, not just exports to an online only store operated in the USA. The longer the wait for that hope by USA investors to begin to be fulfilled the more the stock is likely to trend downwards, in my opinion.

I also dislike how massively large the company's net losses are relative the gross margin profit. I also dislike the massive accumulated deficit (accumulated negative net profits) and the rapidly growing number of outstanding shares of stock. Without Komo continuing to offer share of stock and/or debt Komo has no means to fund its operations since its losses from operations are too high and persistent. These things are contributing to me thinking the stock market's evaluation of the value of the stock is reasonable.

I'm now thinking that the stock has a high likelihood of eventually dropping to 4 cents/share and as a result I am increasingly reluctant to buy back shares. I don't want to buy at 5.7 cents/share when I think there is a strong possibility I will be able to buy at 5 cents/share or even at 4 cents/share (or possibly less), and thus buy far more shares with the same total dollar investment, and thus benefit much more if and when the stock shoots way up again.

I don't think having a phone conversation with the CEO of Komo will aid me to making a better investment decision in $KOMOF. I think in part because I had a phone conversation with the CEO of another OTC penny stock and it did not aid me; that stock's price has dropped to a major low despite its company having made numerous acquisitions since the day I had the phone conversation.