OTCPK:SPLID - Post by User
Comment by
MarkDRichardson Oct 18, 2018 3:22pm
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Post# 28829889
RE:If you pile too much
RE:If you pile too muchWould you mind outlining your argument that they will be crushed by their own debt levels based on the current debt levels and your prediction on the coming revenue?
geodcan wrote: weight on the donkey it will collapse. Same with EAT. Initially, it was a great plan to do edibles in Colorado. Colorado has been riddled with problems and the latest settling with authorities didn't solve the shareholder's problems there.
Hopefully we are more careful about residency requirements and all of the other rules and regulations in all the other States where we are attempting to do business.
I like the fact that we are attempting to do business in California and the Calyx deal seems to be a good move.
It all takes money and if you want to keep all of those irons in the fire hot, it takes cash. What I do know is that EAT grasps at, and announces, deals they are working on, prematurely which to me is fluff and not real development. Some of these deals seem to be newly set up companies with a lot of names from our board on their boards and of course, the warrants and options that they reward themselves with for setting up another arm of the octopus. Our "real" accomplishments are hooking up with companies that have the ability to get things done, but at a cost.
Too many fingers in the pie imo. Are all of these connections we are making doing EAT's shareholders any good or are they self-serving for the principals of the companies.
Too many balls in the air is going to result in failure. The cracks are showing imo and there is serious competition with hoards of cash looking to swallow up the best of them. It takes cash and the ability to raise it to keep moving this company forward. EAT is in a race with itself to raise enough dollars before the debt crushes us. The attrition rate is going to be horrible for junior pot hopefuls so I hope our team is focused and on task, like some of our competition. glta and dyodd