Different Opinions...And that is why we appear to have gotten to a respectful point for all opinions - everyone is entitled.
I definitely see the financing differently. As I have stated repeatedly, I believe that we are very very fortunate that Rosen was able to arrange this. We were working from an improving but weak balance sheet with low cash. How would we have funded expansion of the facility with more lights or potential development of the other adjacent buidling, etc. to grow more flower and therefore grow more revenues? Where would that cash have come from? We are not cashflow positive yet it clearly appears - though close - and without the SAFE Act in place - it is not like we were walking into a bank anytime soon for fairly priced financing options. And for anyone who knows how these PP's work - you would know you don't just get to pick up the phone and order $5M on short notice - especially when you are technically still losing money and considered high risk...etc. etc. etc.
I am thrilled Rosen pulled this off - the timing was incredible for security and development for us. And, though the stock was trading around 0.14-0.15 at the time - we all know that was a recent short period of time and that you would not get that price for a PP - in addition - I ask everyone - do you not think Rosen was not aware of this and did not try and get the highest price per share the market would provide? Come on - the dude deserves WAY more credit than that in my opinion...and that is just it - my opinion - I am not stating I am correct - whether you agree or disagree - I respect all well intended opinions...but those are my thoughts on the recent financing...DFC