Why I've bought some OLI

Here is my rationale (quickly):

-Downside risk seems low. Bad news are priced in.

-Upside potential is significant

-Chart has gaps at 12c (4x) and 24c (8x).

-Huge buying volumes recently (see week of the 11th of March)

-Immediate and strong actions (and clear communication to shareholders).

-Honesty about the problems and solutions

-Positioning on healthy food (clean food) is good and the audience of regulars less price sensitive, wouldn't be surprised they turn into a higher price point, all organic (high quality) and totally rejuvenate the positioning to where it should be.

-Mcap valuing under one quarter of receipts- Even with stores being shut down, this is just too cheap.

-OLI should be able to churn about 500K-1M each quarter in profit next year, that's a 20M to 50Mcap.

So it makes sense, gaps will be filled, 12.2c may not be very far away.

I'm betting on some big statements in this quarterly.

From the next few quarterlies I'll determine whether I trade the stock or keep a long position but the 8X potential in 2 years time (graphically, it looks possible) is very attractive.

DYOR - still a risky investment