Reed$ Reeds inc agreesive expansions 🚀🚀
I decided to get some reeds… Currently trading at 1.03$. The company doing g8 things in current year, just the last 2months they expanded their services to 3 other chains (Publix, Cvs pharma, WALMART) and defence Commissary agency…. Since then the SP didnt changed too much, even dropped. Ok, now they made 1 direct offering at a price of 1.18 which is higher than the stock is currently trading. The Revenues are up ~ 30% and by this pace we will see record revenues and earnings. Moreover the company burned 3 to 4 million cash while generating better revenues, which is a bummer because we all know that its aint good for the pennies. But here is the thing the last month they released plastic bottles and cans for each of their Expansions! The Ceo read the company Personas, and Understand that he needs to cut those expenses, so he committed to do that, as he stated few weeks ago (he also said that the last direct offering supposed to be the last one), & we can see this by the latest news of newly goods such as the plastic bottles. The last thing the ceo have a good experience of turning over a company and make it work again. Since he’s Management The company enjoying a Massive Expansion.
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June 11, 2021 at 01:01PM