The intentions of the company IMO are the key to holding as one should believe management’s intentions to do as they say and that is why I am holding, for the future MM intentions.
However the market release is somewhat untrue in so far as the mentioned hydroponic supplier is certainly not the largest or the best. Their products, whilst ok and a positive move for QBL, are certainly not the best by any stretch of the imagination and I retailed their products for many years from the first time they hit the market and know all of their products very well.
This company was very smart early on utilising great product “names and marketing” and had a small cult following that served them well however there are much better products and connections that I would have made if I wanted to be a leader in the game.
But in saying all of the above, to all the negative experts, they are a legitimate player in the hydroponic industry and are suffice as a supply/ technical adviser partner but to be picky QBL could have done better IMO.
QBL Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
