Thursday, December 08, 2022 2:44:36 PM
It is apparent they are going to let their sales do all of their talking. Without increased sales, the market will pretty much disregard any news put out.
So, since we can't sell and we won't buy until the sales increase or at least have strong evidence that they will be soon, why talk meaningless conversation? At this point, news released about infomercials, name changes, mergers, etc, will fall on skeptical ears.
They did their attempt to sell shares in October and the market didn't bite. So be honest, if they put out news on any of the above items other than greatly increased sales, would you buy more shares? Maybe a new CEO, a share buyback or someone purchasing the company could do the trick, but that doesn't seem realistic.
See everyone until further notice. Happy Holidays to everyone.
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