Chatted with Kier this afternoon. He seemed very confident in LXV going forward. Next week should see 2 maybe 3 NRs including a big sports celebrity influencer being announced-the big signing we have talked about for the last few weeks.
The website keeps getting traction and has not had any down time at all. They seem to be managing bringing in influencers at a pace to keep growing the website without creating any challenges to the site. A site with this kind of growth without any down time is impressive and speaks to the quality of people running the site and the company. I said from the beginning that this was a play on management and although the news flow has not been what we wanted to see this last week, I believe lots of good work has been happening behind the scene and we will get a glimpse at that work next week.
We are now at a double bottom. We may oversell here to 39ish but I expect a big recovery/bounce next week when the news flow resumes. I was buying today and may add a few more tomorrow as I still believe these guys have a great platform and will deliver great results this year.
G.