RE:As stated in the press release: The Company currentlyThere was an article that I never read and the headline was 6 to 8 MJ companies would run out of cash within 90 days... I dont know if the companies were identified however TGOD would have to be one of these. I AM MAJOR DISAPPOINTED HERE. They were supposed to have sufficient funding to ensure construction and up to revenues from MJ sales and obviously this is not the case. The current situation is overpromise and underdeliver and of course, the stock tanks...
Yes, we will get financing but it will come at a cost. Management was not on top of this situation and we are in the trough (i.e. like the horses ...) with a number of other companies who are looking for financing. Is it likely that we will have to give a substantial discount to market and I would say, extremely likely. M&A is more likely an option and of course, Aurora is lurking in the shadows, and they know TGOD the best - having been Directors and our major plant mirrors their own in Edmonton. Aurora will be cheap, make no mistake.
Too boot, we have tax loss selling season almost upon us and the would be fianciers will wait it out as we struggle. Too bad that management did not do a financing when the stock price was higher when there was lots of opportunity within the past 6 months.
TGOD will be extremely profitable but will shareholders ultimately benefit or get completely screwed. I think the latter ...