Post by
GreenWave85 on Feb 01, 2022 6:26pm
Corporate Update
I don't think there was a lot of surprises here. I'm not sure why there's so much increased negativity on the board. Were the financials good? No. Were they bad? Yes. But we knew that was going to be the case. Now I've been pretty openly critical of the neverending calls for patience and assumptions that next quarter will be better. But here I am, this one time suggesting ( after doing your own research) to consider seeing how this plays out over the short-term. I won't lie and say that I don't have my reservations (they are well documented) but do I dare say "this time is different"? In short, yes. Does it mean NL will execute on their plan? No. But I hope that they will and I'm personally willing to give them a chance here and increase my stake. NL doesn't have a long leash here. Investor confidence and interest is dwindling ......................................................................Cut costs. Salaries and other compensations should be reduced to reflect the true financial position of the company. This will help stop the bleeding and give them more time to get the national roll-out up and running.
Comment by
Soopyspoon73 on Feb 01, 2022 6:46pm
What if they raise another 3 million and dilute us by another 20 million shares ehat then let's hope that doesn't hapoene
Comment by
stealthct on Feb 01, 2022 8:30pm
There last raise won't Last long. Don't you know how much salaries are for a minimum of 25 people, average 60k per year per person as an example. That's over 1M in one year
Comment by
LastoftheFranks on Feb 01, 2022 9:08pm
Interested to see the sales growth Oct-Dec as they expand store saturation through BC.
Comment by
Soopyspoon73 on Feb 02, 2022 1:49am
Let's just imagine for fun Paul succeeds at generating 5 million a month if from that 5 million we are not left with 1 million in profit we are totally screwed in the dream and this company will most likely cap at 40 million
Comment by
Buyhigheatchips on Feb 02, 2022 7:23am
Agreed. Financials seemed right on the nose of expectations. Maybe this is the bottom.