Released Financials - Signs of A Silver Lining?
The financials showing significantly more revenue and less loss YOY.
The Company purchased has a successful and patented (literally) track record manufacturing and selling ginseng. The target company also recorded $8.2million dollars in revenue and $1.5million in net profit just last year.
The ginseng industry is an 8 billion dollar industry and is expected to grow by 37.5% by 2026.
I am not a financial expert and investing in this stock was my very first stock purchase, but Increased Revenue, Lower Losses, Purchase of an income producing company that is already profitable in a growing multi billion dollar industry sounds like good news for this stock and a silver lining for us as well.
Am I wrong?
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PKKAR : What’s going on with this stock I see this is a loss only sell and come out it’s no way going up might get delisted
Lessons Learned : Can they credit the net profit to me?
73226241OP PKKAR: Why are you saying that it's not going up and may get delisted?
73226241OP Lessons Learned: I'm with you on that. I am losing my entire savings on this thing if it doesn't come back. it would be nice if Bozza took some of the profit and shared it with those of us who were scammed into buying their stock. But, that's just wishful thinking. I believe we will get our money back.
Lessons Learned 73226241OP: But I feel stupid and hopeless if 54K in net profit is true.
73226241OP Lessons Learned: It's not true. I did the conversion wrong at first. It's $8.2 mill in Revenue and $1.5 mill in gross profit. It's probably still not enough to cover everyone's losses though. Yes, I feel very stupid for putting all of my eggs in a single basket on the words of someone I never personally met , in an industry that I am not familiar with. Lesson Learned LoL
72882715 : I agree. After reviewing their financials - I see a good possibility of a recovery for this stock…. Going to continue to hold and have faith
73226241OP 72882715: That's what I was thinking as well.
BoatMoney 73226241OP: It sucks bro we all took a hit I hope these fucker rot in hell