PNV - Banter and General Comments, page-5014

Last time this thing hit $2, its position was nowhere near its current state. Deals with distributors and sales across Europe, Taiwan and South Korea (and I think UK and Ireland) hadn't been announced. It hadn't recorded a profit. No GPOs on the books. The new facility was not complete and the production machines hadn't been commissioned. They weren't selling a range of BTM sizes. They were dreaming of a $3 million month. Sales staff were less / specialist recruitment less and ability to produce and test new products constrained due to equipment commissioning hold-ups and I understand from the meeting - nobody knowing how to use it. It's a very different picture today- and I can't quite believe that I am able increase my position yet again with a whole lot more certainty at the same damn price I already bought it for.

If people are fixated on the idea that this company hasn't doubled in the last year and therefore don't touch it, it's a falling knife, I suggest they take a reasonable look at the report and re-assess. Covid is an impermanent event, not a permanent structural change impeding this company. Nobody makes money from being impatient or getting spooked out of a good thing. I'm far more fearful of not holding a position in PNV than I am watching it dip. So if it goes down, I buy some more. If it goes up, I sit on it and enjoy the ride.