After 15 years of investing in small caps, there's only one specific thing I look for before I buy a stock, does the company make money? They can sell anything from paper to gold to whatever, but it must make money. Crypto and Weed have yet to prove this and so I am still a skeptic. But if I see profitability, I'm in, at least 2 quarters back to back.
ARD will pick up, but lots of those small cap earnings plays will vanish like GB, IPD, SNF, SSA, etc. Directors will take them private or someone buys them out. There are still lots of lingering zombie stocks trading at 1-20 cents that literally do nothing and should be forced off the venture. Problem is, why would the venture do that when it's sucking the last remaining cash from these companies. BIT recently delisted itself and that's an example that many miners should follow. They can still conduct business, just on a private vs public level and save $100K a year in listing, auditing and additional fees. |
