Two Weeks To Go...June 29th is right around the corner and pending earnings of $4M+ to pass another milestone number on the "rebulid/re-focus" under Team Rosen.
And I do expect that we will announce a profit - even if a smallish one. This grows in my opinion with more sales via product demand which should be heavy and steady.
I am looking for a clear update on three things in particular:
1. Did we fully upgrade the lights and maximize the extra room space? As in moving forward we would have access to more product which creates more sales and higher revenue (pushing Q4 announced at the end of November past $5M+)
2. What is our cash balance? What are the outstanding Deb obligations specifically? Absolutely critical in my opinion and the biggest issue far beyond gross sales or other plans. I continue to state it repeatedly as we have to satisfy the Deb issue right around the corner in September and that will dramatically impact the balance in our treasury - unless there are even further conversions (fingers crossed there are). if we can maintain a healthy cash balance the "optionality" that Rosen talked about comes back into play - as in the development of the new building plans in particular in my mind would be likely first on the list moving forward. I doubt we are generating any free cash at this point though perhaps close - but without the ability to do that - if the Deb issue is the #1 issue I believe it is - we will tread some water for some time to come yet if we have to spend a large chunk of our cash. And I can't see much left for Rosen to cut - this guy is an expense control hound - thank God for us versus so many other MJ leaders who spend the dough in a sloppy manner (happened here before - before my time in this stock)...Rosen dumped the expense of Mean Gene Ruiz as President, cut out multiple senior sales staff (to no apparent negative impact) and fine tuned the operations like a maestro. I could further tell when he made the statement about our raise back in February (how brilliant and important has that turned out to be - though I hate the dillution but we badly needed the cash) when he said "we are going to horad this like it's Grandma's savings" - I knew how much he appreciated expense control and cash handling even further.
3. The new building plans - if any at this point. Guidance will be welcome on this front.
The march forward continues - as mentioned - two weeks until robust guidance. I can't stress enough about my personal importance to point 2 above...we will see...good luck fellow longs...and the above, as always, all in my opinion - always open to respectful other opinions...DFC