Hiru Corporation (HIRU)

[J0L]

I can believe unaudited fins because it makes complete sense. Water bottling is HIGH margin business, and they have many big customers. Why wouldn’t the numbers they are reporting be as solid as they are?

It’s been stated a couple times now that the shares would be returned to treasury by end of Q3. 3 weeks left. I think it’s smart that they’ve paused buyback while the negotiations for the east coast plant are ongoing. What if they need all available cash to help support that acquisition? That should be the #1 priority for the company and for shareholders right now. Silly to put so much focus on buybacks right now when the company is in excellent position to scale and grow the business in a big way.

And, why is WTER such a concern right now? Like you said, they’ve never been profitable in 12 years. Why wasn’t this a big concern a couple months ago? Their income actually IMPROVED by $12M YoY, so that’s a positive. I believe a major player will acquire them soon…the A88 brand is way too valuable.