GREY:BLEVF - Post by User
Comment by
Wallhallaon Jan 28, 2020 2:09pm
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Post# 30609852
RE:RE:expansion
RE:RE:expansion If they didn't have the financing then they would not have committed to having it completely done by January 31st. Makes no sense.
TheResurrection wrote: Actually ... I doubt very much that there will be many whom will be let down. They cannot complete a facility without the required funds to complete it with.
Remember that they have had to sell most of what they own as they are in trouble as far as financings etc. They even got rid of their retail store if I am not mistaken ( please correct me if I am wrong) .
So the way I see it ( but only my opinion and I could be wrong ) is that they will announce their previously announced share consolidation before or on their next quarterly financials in just over a month from now. Then after that they will be back down to a reasonable amount of shares outstanding ( if they do a 1 for 10 rollback ) which will make it much easier to raise financing money's as all companies need on a continual basis if they are going to continue to grow.
But on another note .... did they not sell their facility and are just leasing half of it back ???? If this is the case then why would they have to complete any previous planned expansion if they do not own it anymore ???? kania747 - (1/28/2020 1:16:41 PM)
expansion
Its almost February and still no update on the progress or completion of this expansion. something tells me yet again they will let is down. unbelievable |