What we have today I posted plenty of comments about my disdain for Irwin Simon. I provided plenty of links proving why I came to this conclusion. I encourage all people who agree with me not to get into debates with people defending Irwin Simon on what's ifs. We're not here to debate anyone or offend anyone. The bottom line is we have a depressed stock price, no deals, no USA partnership or foothold of any kind in the eve of the biggest election for marijuana history.
YES Irwin Simon can change all of this with massive deals and press. He can suddenly drink ten Red Bull's (maybe a hit of cocaine) in his case to get him energetic start going on television and giving interviews about all the wonderful things he's doing. I can also happen to find a brief case with a million dollars in it walking down the road. Are things possible? Yes! How likely is it? How likely is it after all his failed promises and our heavy reliance on distribution and no diversification? I been saying this for months now read my comments. He mentioned no write downs, we got plenty. He mentioned divedends, that was a joke. He mentions partners and supply deals and we don't have anything and it's been two years. This is the time now to keep up with American LPs. When he's planning to do anything? Irwin Simon cost us a supply deal with Emblem and thirty million penelty.
Is it possible like many of his defenders here say that he can cut a deal and he's talking to MsO's everyday? Sure it's possible but all we have is what is and what is as it stands now is a disaster from this guy and our STock price reflects this reality. He was brought in to make deals and replaced Vic after a nasty short. He wasn't brought in to up his salary to 18 million and reduce our market cap. We also massively diluted the company shares and raised money. When he took office, we had well over 500 million dollars in the bank. Minus the money he diluted, we would only have 260 million today. Not to mention he has another 100 million hanging over our heads as further dilution. He claimed with the last dilution from an unnamed investor it would be used for a purchase. We didn't see any deals? Now he's playing the same game diluting again and saying for future purchases. He doesn't want to tell the truth he's diluting because he made no deals and we're burning cash. Let's be real this is the worst tenure of CEO yet. Can he make changes of course but hypotheticals mean nothing