Post by
sthinei on Jan 04, 2022 12:05pm
If ALEAFIA can show themselves to be cash flow positive
and in less need of a large amount of debt financing it would be beneficial to all concerned for the debenture holders to aggree to a lower conversion price. Pull out $3 million in interest charges convert the debt holders at .40 and have the possibility presented to them of possible sale company at levels higher than that. It is in their interest now to see Aleafia become profitable not driven into the ground that some here would suggest. They have the possibility of doing that sooner than many of the others because the others have oversized operations, significant debt, huge employee counts, etc... Things could get much better for aleafia if there is movement on EU GMP, EU recreational legalizaton etc... All of this can be held out as a carrot for debt holders as opposed to taking pennies on their dollar otherwise. No one wins then. They served their puropse just as the shareholders did who bought from 1-$3 and at .82 etc... Thats just the reality of selling the sizzle rather than the steak. Management now has the potentail to actually run a viable company if the manage this properly.
Comment by
rad10 on Jan 05, 2022 7:01am
Averaging down 25 days from default? Philip - do you not have a charity you can support? Is there no worthy cause you can throw some cash at?
Comment by
Cannabasis on Jan 05, 2022 8:04am
Rad we all know your brain is way beyond default and still sometimes we throw you a bone and let you play with it...
Comment by
Toweringmars on Jan 05, 2022 10:10am
Wow, nail on the head with that one. Always the bridesmade and never the bride. He's the kid at the playground who brings the basketball so the other kids might let him play. But no matter how many big words he uses, its widely known that he's utterly clueless and simply a little person with little idea's. My gut tells me theres much more to this than meets the eye.
Comment by
KeyserShoze on Jan 05, 2022 9:02am
This post has been removed in accordance with Community Policy
Comment by
KeyserShoze on Jan 05, 2022 9:19am
This post has been removed in accordance with Community Policy
Comment by
CMHarring218431 on Jan 05, 2022 10:17am
This post has been removed in accordance with Community Policy
Comment by
KeyserShoze on Jan 05, 2022 10:30am
This post has been removed in accordance with Community Policy
Comment by
CMHarring218431 on Jan 05, 2022 10:44am
This post has been removed in accordance with Community Policy