If he did any homework on CLVR he would know that a path to profitability has not been forecast by the company. The cash burn rate is forcing significant ongoing dilution via the ATM shelf offering which he didn’t even mention. Share count was 42M at last count and I expect it to be at least 46M+ when they report Q3 results. Also, the short position is updated every 2 weeks on Nasdaq and is averaging roughly 1M shares. That’s not a lot of short fuel for a rally.
I do agree that if SAFE+ passes in the lame duck session CLVR could double to $1 but make no mistake, if that happens, the company will be dumping new shares into the market as fast as they can.
Recent CLVR News
- Clever Leaves Announces Voluntary Delisting and SEC Deregistration • GlobeNewswire Inc. • 04/26/2024 08:10:00 PM
- Clever Leaves Reports Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 04/01/2024 08:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:01:46 PM
- Clever Leaves and Paradise Seeds to Develop and Register Genetic Assets in Colombia • GlobeNewswire Inc. • 02/13/2024 01:30:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/01/2024 10:13:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 09:11:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:04:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:03:21 PM
- Clever Leaves Granted Australian GMP Certification for Cannabis Products by the Therapeutic Goods Administration (TGA) • GlobeNewswire Inc. • 01/03/2024 01:30:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 12/22/2023 09:19:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:13:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:11:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 10:00:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/09/2023 09:09:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:07:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:04:18 PM
- Clever Leaves Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/09/2023 09:01:00 PM
- Clever Leaves to Hold Third Quarter 2023 Conference Call on Thursday, November 9, 2023 at 5:00 p.m. ET • GlobeNewswire Inc. • 11/02/2023 12:30:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 10/23/2023 08:52:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/23/2023 08:15:43 PM
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