RE:It's good to have financing set upHold on a minute there all you bubbalouies that are getting ahead of the cart.
For one thing there is no new management taking over the company yet. You can expect at least two of the three amigos to depart from the company within the next 12 months. We ain't talking the guy doing the tours talking himself up, who thinks he needs to be in the plant every time they run some kind of product.
Question for you all..... Why is it a company which cannot get any of its lines running at 100% always expanding those lines? It can't always be in anticipation of something. If they were efficiently running their lines and making full use or even better than part-time use, then it would be understandable. Or if they had a dedicated product which could account for a said % which had production at 75% then that might showsome need. Maybe someone should ask the question of what % is production and what % is downtime on a line? Thats not classified info they need to keep out of shareholders heads. Guaranteed you won't get an answer.
A company that can not hire a manager to run the plant, kinda tells ya something. A company that does not even have someone to go out and do sales calls and expand the distribution of the said "largest" market, kinda tells you something.
I do agree that this deal in nature is a positive for the company. Once the 2 new members are nominated and approved we should start to see fundamental change to the way business is done. Especially with $600k dissappearing off the drainage of the company. Please do not confuse a sale of a previous company as ties to InBev. That is wishful thinking.
As far as Tinkley being worth $2 all day long. That price was reached on hype and speculation. At that time you had yahoos spamming every facebook mj page and all kinds of stockhouse pages. As you are now finding out Tinkley was just a little piece in the Tinkley puzzle. Lakewood and Algonquin and God knows what else.
Some washed up ex basketball player, a Tennessee plowboy, and who else. Bring on the do nothing crowd. It is gonna take a year or two for this all to work itself out, better opportunities to make money are definitely out there. At best this is a 5 fold gain from where it is now, during that time even if they legalize it nationwide in the USA.
There are no other companies that will touch Tinkleys with a 10 foot pole as you would have to put a totally new team in place to get this up to speed. The right company has the option and you will probably see a new forklift driver in the plant.
geodcan wrote: but do we grasp for a lifeline when we are this close to the boat? And at this cost?
New blood coming on board might be good to help get Tinley's bangin' on all cylinders.
Not sure about your math in regards to needing 100 million shares to get to 50.1%. Last I looked the total sharefloat was only 150 million.
I have questioned the initiative of our team management and get the feeling that these guys were pulled out of retirement and the good life and are only giving enough effort to keep this alive and would rather go back to retirement.
I like that Rick has his own skin in the game which shows committment but have to ask why we had to pay him for the license and Tinley didn't get their own and the Algonquin connection needs some 'splainin'!
Wage renumeration seems high for a fledgling company although it has been a tedious long time to get to where we are. Free shares, options and other hooks plus $1 million worth of management wages strikes me as heavy sloppin' at the trough.
The success rate of new beverages is dismal with high attrition rates and only a few true winners and cannabinoid drinks need rapid on and offset similar to alcohol and also taste good.
Of course the whole potmarket is out of favour and taking a serious shytkicking right now and one hope to hang on to is that Schumer can get his reworked bill passed which will clear up a lot of uncertainty and cause some action as non US potpreneurs barge in to the States.
This market isn't buying any bullshyt and investors are more inclined to sit on the sidelines. Complicated nrs don't alleviate any anxiety.
In my mind Tinley is still worth $2 all day long given all of the real development since the good old Hemplify days.
I would still like to see some other offers and get a vote!
And how about some numbers!