RE:all sorts of red flags
Sadly, I have to agree. I've been long on this stock for a long time, but today I've made the difficult decision to get out. I haven't put a lot of credence in the bashers on this stock (in hindsight, perhaps I should have given them more credit); but I also can't understand how some people continue to try and spin what is clearly bad news into "management gets things done" and "glad to see things moving along," etc.
I work in the consulting business (not in the MJ industry), and I can't imagine publicly bashing a client, no matter how badly they've chosen to treat us; so I certainly took notice of the very public spat between MGW and TheraCann - either TheraCann has acted very stupidly, or MGW has behaved terribly (or both). And the fact that TheraCann wasn't the first consultant MGW hired to guide them through the licensing process is another red flag to me.
If management were really "getting things done," they would have either hired better consultants, managed them better, or at least done a better job of damage control.
I'm so disappointed in these last few months, but there truly are a lot of red flags here. And with the company still maintaining that they'll have a license in 2017 - surely an impossibility at this point - they've lost a lot of credibility in my mind.
That said, GLTA - this board has been great for getting information and good, honest opinions. Hope MGW can turn this around - I'll buy back in if things get going.