GREY:CVHIF - Post by User
Comment by
brentski99on Jul 22, 2020 5:29pm
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Post# 31304550
RE:RE:How much does Aetna owe the company?
RE:RE:How much does Aetna owe the company?10 million is a lot and I remember there was some sort of settlement announced a few years ago by the previous CEO that I don't think transpired. There being money out there to be had and progress on that front is very promising. I have not been a Chris Heath fan but I must give him credit for being a scrooge with company expenditures.
99.9 % of companies in the MJ space are heavily debt laden and mostly to an extreme in a sector that has all but collapsed. I am surprised how few have went out of business so far, though. VCAN will be a survivor I am sure 100% - but to what extent I am not sure. Previous highs in PPS are doable in the right circumstances and as long as they keep the o/s shares at these low levels along with a low float. Cash in the bank and developing assets like they have started doing is a much safer and intelligent way to proceed. Acquistions are not that attractive, imho unless the opportunity cashflows well rather quickly. Cash is king moving forward in this space. A money raise should be done only when the sector turns around. Like Greg Crawford did with PTQ.