Mar. 23 at 2:33 PM
@trade54 @Frodo_Bagholder because no one wants to invest in a company that one entity (CCM) owns 50% and is a board member. Has already tried a hostile takeover and failed. It’s too high risk.
If
$PRPL is not sold or stolen by ccm in next 2 weeks. The company earnings will start showing profit soon. The price will have a massive correction up to real market value. Current true value of this company is
$4-10 within next 6 months.
Once the economy hits the next mattress cycle boom in 2028/2029 this company is worth
$20-35 per share. I just hope they don’t steal it at this low price. Huge potential to go international. The CEO did the same playbook with NewBalance and in a short time turned a US only company worldwide and increased it to
$4BN within a few years. He is doing the same here.
Best case scenario CCM sells half its stake to
$SGI win win for everyone.