Enormous Stock Growth, "15,000% stock growth"
Was this some bragging about high stock prices that weren’t backed up with earnings that could warrant such increase in stock price? Price, not value seems to be the growth discussed.
Without substantial growth in revenue or an increase in scope to more vendors, wasn’t management saying that their stock prices were super inflated? Is it possible this is a correction in price that may continue to relieve yet more of the 15000% stock “growth”. Duh! Dilution is not needed with strategies like this.
Before bragging about stock prices, not value, it would have been be prudent to prove worth rather than suggest anyone buying shares in this company won the lotto because they are shareholders.
This company needs to focus on expanding their base and getting product to more than a one horse pony. There is no COSTCO in my town so this product will never be here if the company thinks Costco is the be all end all. Walmart would get product here.
I took a hard hit here today as I just boarded the train at .0249 and tried some downward averaging. Now I don’t see my money back without some serious improvement in financials that won’t happen if management only wants to pump and dump.
How about getting out there and finding more shelf space in different venues Management? Are you pump and dump or just lazy?