GREY:BLEVF - Post by User
Comment by
jb24on Dec 20, 2019 6:20pm
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Post# 30478620
RE:RE:Disappointed in Jeanette...
RE:RE:Disappointed in Jeanette...You may be right but I believe there was a lot of stupidity and some bad luck.
They got screwdged by Hamilton city -holding the project up for at least two years --for nothing. They obviously went off the rails with too much research ---but many others were trying to get a jump on a niche market that they could exploit alone. Not a bad concept but research can suck the dollars out of company with not much to show for it.
Most MJ startups told their stories with a few extra hopeful plans for the future that did or did not pan out.
They are now trying to catch up on their original goal --the expansion of Hamilton. Hamilton is key. Hamilton - 10 times production will take them to profitability. Give them much needed cash flow to excecute future plans.
I have built companies and know the management of your cash is paramount --and it doesn't take much to knock you off your strategy. They are too close to finishing Hamilton now to stop. Also, Many things can still happen, buyout/partnership, joint ventures, etc,my 2 cents.