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Monday, May 15, 2023 10:06:49 AM
As it stands, PPS doesn't move when the make an announcement because management's track record of disclosure sucks. They announce pie in the sky good news (including fantastic earnings projections), then fail to issue a correction when things change. Later on, the annual or quarterly comes out and the projected money's not there. Instead of issuing a detailed explanation, the Company moves on to the next pie in the sky.
If these guys truly want to move the needle, they need to be transparent and communicative: Disclose who owns the 51 shares of pref (which equates to 25% of the voting power of the company). Give regular and frequent status updates on the facility, the investors, the new products, the pipeline. Maybe explain why we never saw the Brainwise revenue projections appear on the balance sheet (if you shipped a container, there should be *something* in the books).
I know that "this is the way that Pinks operate", and that "pinks all suck right now", but if management wants to see SHMN rise above the rest of the crappy pinks (or at least rise above the 000s), they need to act like a real company, and not another stinky pink.
Recent SHMN News
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