GREY:MMNFQ - Post by User
Post by
Bigchunguson Nov 13, 2019 7:56pm
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Post# 30348027
Downtrend continues throughout the cannabis sector.
Downtrend continues throughout the cannabis sector.New lows and receivership coming for MMEN. Expenses are off the chart. Unbelievable losses. Same thing happened to DYME. Gotham will NOT invest another half billion more and wait another year before MMEN is $1.00 cash positive . It’s this simple. Great retail company with ambitions and noteworthy growing revenue, but Gotham is getting tired of being misled, failed projections and targets missed ultimately killed this company.
Imagine the predicament Gotham is in? Do they gamble another half billion on some rookies who know jack, or do they assume hundreds of millions in real estate (play it safe) and call it a day.
FACT! Gotham has now created an independent board of directors in which MMEN founders unwillingly agreed to, otherwise: Gotham immediatly stops further credit due to missed targets.
Gotham is now in control of this “out of control snowball” in which they’re unable to stop.