MTL Cannabis Corp C.MTLC

RE:RE:RE:Shady but maybe on to something ?

[SenorLegume]

Board members are not paid a salary. One can't expect they will work for free. Also it is part of the stated position of this company to pay incentive options over higher salaries required for top level talent. It says so in each and every financial reports. The talent on the executive side and the board side has been upgraded substantially from those who took this company downwards. I am very happy with all the new people and what they have accomplished in a short period of time. 

Why did you not address the fact that all they are doing is losing money & paying themselves? Or is that fairly accurate in your opinion ? 

What I did forget to add in my last post is that CHV is also planning on Europe sales and expansion as shown by GMP certification, the investor deck and CEOs prior work in Europe will lend a good background to making that happen too. Great hire, great future ahead.

Also could highlight, that financials have improved five quarters in a row and pre-revenue in its most important business, cannabis sales. But those begin soon and I look to December financials to complete the transition from $1.2 million quarters to quarters nearer $6-9 million with profits a possibility in the same time frame.

For the shares awarded as stock options I have already said I am in favor of those because they align board members interests with shareholders and they are not free money either. To exercise them, they must pay the exercise price and CHV needs more capital to fund operating losses and future growth.

I view the warrants outstanding in the same way. Hopefully, those get exercised at the 30 and 40 cent marks sooner than later in order to help lower future financing needs. For the price on the latest options being set at 16 cents, the same was said of those issued at higher amounts previously. People on this BB complained there was no incentive but the price has gone down still and now far above todays price.

The amount of share options given also have to be considered against the price of the stock and the outstanding shares which are a large amount. Not one problem with the last share options but you can vote with your dollars if you find them excessive.