GREY:IVITF - Post by User
Comment by
fmab011on Aug 06, 2019 1:29pm
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Post# 29998119
RE:RE:RE:RE:Only 7.500 per year??
RE:RE:RE:RE:Only 7.500 per year??I just printed off every PR on Phase 3 updates going back a year.
Remember, there is a "cautionary note regarding FORWARD THINKING statements.
Every company has to cover its rear end.
It was a year ago, almost to the day, that Invictus secured the 25.5 million dollar loan from ATB to fund expansion of Phase 3 and 4 in Peers, Ab...east of Edson.
A lot has happened since then.
Kriznic fired, Kveton fired and now the largest shareholder in the company is running the show.
He must be pulling his hair out dealing with Health Canada. They don't move very quickly and don't seem to give a you know what about business investment. And now with the Canntrust fiasco, I'm sure delays in licensing will take a little longer than expected.
A PR issued on June 12th indicates Phase 1 and 2 are harvesting 2400 KG/year and that Acreage is averaging $5.95/gram sold (Medical and Recreational).
The PR issued today is not very encouraging and it's no wonder Dixon resigned from the Board earlier this year.
If you go to SEDAR, you'll see very few shares sold off by insiders over the past year.
Brenda Dixon sold some off but nothing that would raise any Red flags.
It's getting late in the game for a lot of LP's and Dixon lending the company half a million dollars last month simply says the banks won't be lending Invictus any more cash.
Trevor needs to pull a rabbit out of a hat......rapidly. It's a shame that Kriznic's ego (bringing on GS) got in the way. He has an accounting background with very little business acumen. He was the founder and should have given Trevor the drivers seat right off the bat. I really hope he can somehow create some magic.