I agree. And he is actually better than most bashers. He doesn't just come in and talk trash and disrupt the board from meaningful conversation. He actually seems to be a smart guy. He's a higher level basher, not a minimum wage temp employee. He understands the filings and uses his knowledge to sound smart and credible while misleading people. That's why he is on here talking about this year's valuations using P/E ratios, which any investor knows is the last way you want to value a stock that showed a net loss on earnings the prior year.
He justifies a "higher" price target to sound bullish, but literally said he calculated .40 as fair value while the stock was .38 and testing .39 as resistance. Like, ya I'm a bull it should go up, but only 2 cents, so people should take profits at this key resistance level I don't want it to cross lol. He also has been on here saying he's bullish and can see a 20% gain potential every year, knowing no one invests in a high growth pennystock hoping for a 20% gain. The risk/reward just isn't there for a 20% potential, hell the stock swings 10% intraday trading lol. So saying a 20% upside potential is literally another way of bashing discouraging people from investing in the company.
It's like fake news when they use a statistic to prove a point that is intentionally misleading people to believe a narrative that is not true. Like, ya the statistic you provided is technically accurate based on math, but it is so out of context and irrelevant that's it's still a lie pushing a narrative. Just like his P/E ratios, ya sounds legit, but it's not and is intended to mislead people.
They downplay everything good the company is doing and constantly bring attention to anything negative about the company to try and make that the focus even if the good heavily outweighs the bad. They call me a pumper, but I literally made a youtube video titled, "another options agreement?" LOL I also broke down the convertible note terms for everyone and projected out the combined dilution I expect this year. What pumper would try and educate people sharing that information? But I also calculated out how it affects the value of our investment and explained how significant the net result is for us. They'll add almost 200M new sales this year, even if dilution were 20M new shares that would still be $10 in new sales for every 1 new share issued. But they don't have an honest discussion like that, they just blast dilution. Or the convertible note being 18%, the end of the world lol. Well if it were 10% that would be amazing in today's high rate environment. But an 8% difference on this loan would only be 280k. For a company doing over 300am this year, 300k interest on a one year loan is the deciding factor on being a good or bad investment? Lmao no, it's hardly even relevant. But damn, they do a good job getting people to focus on it and kill sentiment.
Won't matter much in the long run. Underlying value continues to improve in direct correlation with the fundamentals. But is does have a major impact on the short term and that impacts the company's ability to raise capital etc so it pisses me off otherwise I'd just ignore it.
