I don’t agree with the idea that companies post announcements after market close to give investors time to understand it before the next trading session. Reputable companies with good quarterlies post them early typically and at least before open, let’s be honest does it really take an entire evening to digest an announcements that’s a few pages? And are there many other companies that blame Chinese New Year for reduced revenue - not like they knew it was coming or anything...
and to look at what their revenue and costs were. Their costs for product manufacturing, advertising, staff and admin costs combined was about $5m, there revenue was only just about $5m. Even put in a couple weeks of sales, I don’t think that the revenue to expenses ratio is going to look that much better.
online marketplace is a good move and the upcoming plant based meat products. The outlook is looking good but might wait to the next quarterly before I buy back in to see how the new revenue streams materialise.
just some thoughts reading the announcement, all imo
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