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They just raised $1oM from the sale of their factory. Why do...

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25/06/20

15:43

Post #: 45450894
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Originally posted by DianaJames ↑

I have been looking for a COVID friendly stock, apart from gold, and this is something that appeared on my radar. Greed can take you only that far. I think the recent announcement is a good step in the right direction. They had to raise that money for expansion and giving it to friendly investors is a very smart move. It is smart and sometimes it is out of necessity as nobody else wants to...

To me, this is a raise to help expansion and with the profit margin of this sector growing and cost going down, it is a no brainer.

Google all the other "Glove" companies out there... They are making loads of money. Cashflow. Even Bloomberg is covering this sector.

I am a shareholder and I have a biased view but I think the price currently is pretty much ground floor. From a punter point of view, the raise is the base. They want to make money. They are not here to make 5%. They can see the COVID situation is going to give them greater margins. Remember, the source of gloves, the rubber... is going down in price..... go figure.

I think this is a good bet. Just need more investors to think the same way...

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They just raised $1oM from the sale of their factory.

Why do they need a CR?

VIP Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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