Oct. 15 at 1:33 PM
$TRUG So , after researching this one a bit more, I've decided to dump my shares. What I found out is, that though the market cap says 2.8 million, the true " value" is closer to 10 million. I don't have the patience to explain, but you can go to their website and read their September filing ( the 100 + page one).
I also spoke with their investor relations ( darrow assoc. ) who was SUPER helpful, and very honest about where the company is. They definitely have a very good IR dept.!
There is no doubt that the company has a good product and software, and the have some good ideas to generate income with franchising
The problem is, that it is a little TOO early for me. I do believe that this company can be successful, but it is also possible they could end up diluting more than they currently are.
So I might take a swing at them with a small amount at their next quarterly, because it is possible the good news could have other retail investors look at this company and cause a short-term gain, but the big players , with their AI, etc. they know what the companies true value is right now, and there is no reason for them to have any " skin " in the game,; at least not at this time.
I will definitely revisit this one! I learned a lot though! And one thing I learned is that, even though it may look like a bargain, it is important to " read the fine print"
side note: the company needs to start listening to those that have made suggestions: Get an endorsement , Change the name of the products, and Listen to their investors!
Once I see more of that going on, and if they start to change their marketing around,, I will definitely be back in. I STILL like the company;s future! I lost some, but not a ton. I am sorry to those that have a lot invested. If you've lost a ton,, it is probably better to just average down, and hope this thing turns around sooner rather than later! Good luck!
