Nextleaf Solutions Ltd C.OILS

Too Many Managers

[shneps]

Go to Linkedin and connect all the middle managers OILS has taken on. This was to be a lean and mean extraction platform (2-3 persons). It's know becoming very fat to the point that there is about (10) managers that are involved in Operations and Production.
This doesn't include workers.
Totally unjustified to be have this many managers.

[Keepthedodoaliv]

...hence the reason I will be critical of them at times.  Hempcrete kind of set me off.  It's not a bad idea to research and develop new tech, nothing wrong with developing a patent portfolio/ IP.  It's just 3 years in and the area that needs full attention is sales, sales and more sales, not more patents.  In my opinion it's been far too easy for Nextleaf to do a

[GreenWave85]

Absolutely.  And all these managers are getting paid high-salaries regardless of performance.  I've been saying it for a while now, NL needs to reduce costs and look at salaries and compensation.  The current model in bleeding NL into the RED Every Single Time.  These expenditures need to come in line with what the company is capable of producing.  A buisness model

[Keepthedodoaliv]

it would be prudent for Nextleaf to explain the management situation.  Paul's business model has always revolved around patents, which in this case really isn't doing much for business at this point.  They're improving but the numbers aren't there yet., their profit margins are good but I would expect them to be higher from all the disruptive phrasing Paul has talked

[RyanB1234]

Have you raised these questions to IR? I feel the patents are for an eventual buyout play, but without the sales the buyout play is non existant. I would like to hear more about this sales firm they have outsourced to. What are they providing to the company and what is their take on deals? How many deals have they provided so far etc.