This is exactly what I´m talking about. Total denial anything that's good by the sell side.
Read those lines carefully now as the probability that we'll ride out this storm is much-much higher.
1) Patent is worth minimum $80M today. Partnership announcement may be imminent.
2) Brick and mortar shops are open again. Revenues took a hit mainly due them being closed.
3) New product revenues coming in a big way Q4-Q1, with strong export potential for some new products.
4) Lawsuit against the founder, possible cash settlement with also eliminating some tax liabilities and dilution.
5) Lean business model, cash burn much lower than some peers that are loosing almost 5 times what they are bringing in.
6) Todays share price ($53M market cap) is extremely low. Valuing us 1x next year revenues while valuing patent at zero.
7) More new products, studies, product design refresh happening as we speak.
8) May hear some good news from FDA, WH or Congress.
At this point I think sell-side is more desperate as their thesis is melting away. They were just very-very lucky by extraordinary happenings, Citron report, FDA slow walking and actually working against us from day 1, vaping lung death crisis, Covid-19!
I don´t see them anymore calling it a placebo. That was THE fundamental issue!
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