RE:RE:This A.M. Verano Raises $100mm at $28.50/sh 4-Mo Hold! In no particular order:
- The Management is an "interim" CEO who has detractors and an "interim" CFO who is a part-time contract hire of the CEO
- Governance (3 man board and 2 would appear to be the interim CEO's pals)
- CEO lives in Miami, 1 director lives in the Bahamas and the other...
- No institutional shareholder to impose discipline
- Shareholder communications are brutal:
- No website for months..."thank you for your understanding..."
- No Full-time Management...zero
- Have not announced vote results of AGM
- No review of the change in NAV with the Verano listing
- No guidance on what SOL will do with its Verano shares
- No statement about the future direction of the company, inlcuding hiring a CEO, CFO, etc.
- Inventing the PSUs is pretty much the only visible action of the Board = working to pay themselves
SOL is not a serious public company - by design.
And then there's the MMCap shakedown... Having said that, it has valuable assets that appear to greatly exceed it's market cap.