I do have similar concerns. Though I did not sell a large chunk. Yet. I was tempted after the long silence, but even if they made mistakes I am hoping it is not deeper. And I am hoping for a little more forward movement before it becomes fully apparent if there are deep problems.
I expect a shareholder letter in a formal PR if they truly value the shareholders. I have expectations of joint venture and LOI closing. I expect them to sell shares to raise capital.
I don’t expect big errors they can’t explain and I don’t like over promises and under delivery.
Even if they maintain 4.5MM to 5MM revenue each quarter this year, the current price is a fair price. If they shell shares slowly not a huge amount and expand somehow and get revenue moving forward later this year, the current price is a fair price.
I know serious investors look at the previous 12 months to decide price, not forward looking statements. So the hype is just based on sector and all the other hype and frenzy. They need forward revenue growth each month the generate more movement above their current price. Big deals that are real are needed. And NOT overhyped by them. The solatrac deal might be good, but as he said on the call it is forward looking. It will take a while for that to profit them.
Joint Ventures bring in revenue. It’s hard to make real money in the millions quickly for a hands on job. The hype in companies with 0 revenue is deplorable and so typical of penny stocks.
I am hoping this becomes a real company with real growth and real estimates, and not hyped by misleading statements that fall through. Many penny traders move on. However, we have some dedicated serious investors and I expect the company to start acting better in their duty to shareholders.
If they do not, they will fall into penny trader land and be forgotten about as other hype overshadows them. I don’t want that to happen.
A lot of people are watching them closely. And will pick them apart. They must talk less and deliver more.
I’m sharing this to investors and not penny flippers.
I’m doing my best to downplay hype and correct over statements when I see them. Everyone should do the same. Those getting in now should watch closely as we are at a critical spot for them to deliver on projections. I never trust penny stocks predictions. I have been burnt way too many times. I look for real revenue growth and good business decisions and for promises to be delivered. If they are not, I lose trust. I bought on the dip, but if things look like all hype at some point everyone would be prudent to take some profit to prepare for a sell off.
If they start showing revenue increases of 100k to 200k month over month, they will build more trust. If they don’t dilute to get their. From here, watch shares and revenue and track the multiple. They should get a 5x multiple with trusting investors. And penny flipping will happen. There will be volatility as I posted many times from .20 to .30 until the dust settles and we see real value on the books.
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