Q: Can I get an updated outlook on Hash
5i Research Answer:
HASH had a good year, to say the least, up 600%+ percent. This has brought market cap to $81M only. It was a 7-cent stock last year, and not one we have paid too much attention to so far. It has a short public history, and did $11M in sales up to Sept 30. It was marginally profitable but with negative cash flow. Insiders own 17%. It has made a couple of small acquisitions in the last few months and is projecting income of $10M annually. It has no analyst coverage and needs to be considered very high risk. The stock is cheap IF it can execute on its plans as outlined.