Hiru Corporation (HIRU)

[Fallingknife75]

If HIRU's tweet wasn't written on an 8th grade level it would have had less of a negative impact. Due to the purchase and install of the new Distillation unit I already expected Q3 expenses to be higher and therefore the bottom line would take a hit, it's not exatly rocket science. It sounds like revenues will come in below expectations but by how much is pure guesswork and not worth the time speculating. The company is being smart enough to monitor their cashflow closely and adjusting expenditures, something I would hope they would do. However, pausing the buyback seems unnecessary IMO as it wasn't a large outlay in the first place, I will be reminding management of this in my next e-mail.

Until the company gives us something concrete to discuss (ie. updated revenue forecast, share count / contract updates etc.) there will be nothing but speculation thrown back and forth on the board, boring. My focus will be on other opportunities as the chart validates it's new support level then bounces to reveal its new resistance.

All the best,

Knife