Post by
Quietinvestor on Oct 13, 2020 12:28pm
REJOINED AT .16 FRIDAY
Clearly this is a high risk venture, but not in terms of a long term outlook. No one believes the company will go bankrupt, but all agree it will take time to return to a much higher SP. The first step was removing the original founders, followed by a focus of new management on business fundamentals and not immediate growth. They have a number of unused licenses, so that they can open new stores as they become profitable. The next quarterely announcemt will provide a real sense of how long it will take to regain the trust of invesors.
GLTA