RE:RE:RE:RE:RE:RE:LIB eliminated from HMJRSo honestly, I'm starting to get a bit frustrated myself. I've been long on LIB for a long time (since 8 cents almost two years ago). I've averaged up and back down again for this whole ride and currently have a sizable holding.
Here is my take at this point, and take this with a grain of salt because in a way it is just venting. I have not sold and will ride this one into the ground or to the moon.
I fully get their initiatives, and I believe they are pointed in the right direction, but tell me - WHAT has this management team done in 2018?
(1) The pet trials - no work to do. That is just a bill to pay later and branding to follow. MAybe some deals with other companies to produce it. The management team doesn't have to spend hardly any time themselves as this has proceeded thus far. Waiting on results. I get it, they have "coming soon" brands on their website. As soon as they have a success story here, they apply to HC to license this formulation/brand, brand it and sell it. This is not a lot of meat on the bone for me. But a good story. There are dozens of companies already doing this, btw, just without a HC license.
(2) Update to Just Kush facility. The mangement team themselves are not swinging hammers on this. CCI has helped drive specifics and I'd really like to know what the h3ll takes 7 months to update a facility. You can build out a brand new 5 story building from bare ground in a month or two. I was told June when I spoke to Feldman, then 2 weeks later they announce August. They better have something huge cooking up here. This timeline is ridiculous. They've had more than enough time to do this.
(3) Blox Labs/CannaBlox - nothing. No updates. Late on their one deliverable. Throw more money at them. Either way, AGAIN, management isn;t doing the work here, only throwing a bit of money here and there.
(4) North Roads - blocked. I get this one. We don't completely understand Provincial distribution yet. Need to wait this one out a bit. Might get a license while we are sitting on our thumbs - who the h3ll knows. This could be 2019 before anything truly materializes.
Their news releases are weak. Their tweets/FB posts are weak. Women in Cannabis? This whole thing drives me nuts. I think they are playing that card to have a "look at me" message and I don't support singling out EITHER sex, EVER. And I don't think that this is news at all. It's a play on the sexes and as soon as I saw it I recognized it for what it is - a cry for attention.
Podcasts that do not build confidence, do not speak to anything of relevance. I've had my fill of them.
Liberty Leaf seems to have a management team that is more inclined to let things hit them in the face before they react as opposed to taking the initiatives to make forward-facing decisions BEFORE every other company has already done it.
I'm not bashing here folks, I'm (hopefully) constructively criticizing a company that I'm invested in. And I truly hope they read this.
So tell me, WHAT has this management team done in 2018? If we don;t show very significant progress i the near future, we will continue to dwindle down. Being de-listed from ETFs is a perfect example of the road we are headed down if we cannot get moving. Investors have had enough of the fluff IR and need something to chew on.
As I sit here in my office and work all day, I wonder what that management team is doing. They are waiting on everything.
Air hockey? Ping poing? Smackin' the bong in the back room?
If they squander the opportunity to build out a massive outdoor operation (while they have a reasonable hand at the table to play), that might be it for me. Hire a company to put up security fencing, cameras, etc, etc. Simple step (100K? 200K?) but if you can state that you are prepared to grow over 10 acres of outdoor in 2019 from a security perspective (pending license ammendment), that is very smart positioning, even while we are waiting for the current license, and distributon details. We could at that point start to quantify some sort of projected revenue for 2019.
I'm sorry, but I feel there is more they could be doing.
michelleb33 wrote:
hopefully soin these guys come out with a substatual news release soon to let investors know they are alive and keep the sp up this summer