Hi Jody: to your question - nothing, really. I had tried to get this stock reviewed on my favourite TA site - 3SOF. But they don't do Canuck stocks. The potential is all non-tangible, really; as there is little value on the balance sheet.
I guess I would classify it as a Waiting on a friend stock - aka US Master Distribution Agreement. Which reminds me, surely some of those fffing distribution EU distribution deals Rebecca did must be coming in under the 'floor' annual volumes. That is, assuming she set sales volume floors which are legally enforceable. After the UK debacle, one has to question that. To be positive, current mgt. has displayed the magic touch - turning Rebecca's sows' ears into silk. Fundamentals say, that at these prices, you have to be betting your money on management. I am doing that, of course, having stayed in since $6.90 My average is now below $2, after some fancy steps on the dance floor in the past 3 months. I would like to see people here post their cost and their expectations.
My average cost, net of cashed trading profits, is now $2.90(Canuckbuck). I have a target of $6, but, it is a high risk stock, only for risk takers. Do your own DD. Fox. |
