TOX tox free solutions limited

fundamentals have not changed Lets just take a breather...

  1. 5,874 Posts.
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    fundamentals have not changed Lets just take a breather here.

    Remember that the company made a profit of $1.4 m for the first 6 months of the year.

    Their cash flow for June was $466k.

    Assuming that even if the company no longer expects growth, (which is unrealistic as profits and cashflow have been increasing every month) the company would still make $3million for a full year.

    Share price would be at 6 cents assuming a P/E ratio of 10.

    Its highly inlikely that the July profit is negative. Profits just dont increase every month and then simply collapse in one month for no reason unless their plant burnt down.

    This price drop is very disrespectful to the management who have turned the company around from an almost certain death and us TOX holders who have researched the TOX story and put our hard earned dollars into it.

    The company shoudl be trading much much higher than this.

    Once the cash flow report comes out this week, you'll see another conseutive month of profit, 6 in total and the turnaround story complete, with the focus then being to keep growing and becoem a massive cash cow.

    The options will be way in the money by the end of the year.


    Im holding the rest of my parcel now until the end of the year and will accumulate more along the way. Dont be folled anymore by bullying tactics employed by some traders trying to manipuate the price. I was folled this morniong and sold some but not anymore.

    Best of luck to all

    Cheers
 
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