OTCPK:NWKRF - Post by User
Comment by
mathandmasson Jul 09, 2018 1:27pm
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Post# 28288530
RE:RE:RE:Not selling....but
RE:RE:RE:Not selling....but Wilgar does need to go. The whole board needs to go in fact.
I mentioned it before: assets have some good value, but the management is so horrendous that someone might just get all those assets in lieu of debt payment one day if this goes on for long enough. Other than signing supply agreement with Alberta (and Alberta basically signed up everyone and their grandma - 9 companies), nothing of any business value has been done in 2 quarters. Accepted a low-ball financing offer from some shady "securities" nobody ever heard of, effectively self-sabotaging share value just to stay afloat for another 2 quarters. Sold off a subsidiary for peanuts. What else? Working on retrofitting the old facility to produce more. Cool, how long has this been featured in press releases for the lack of anything better to report?
All talk of brand recognition, building a true Canadian brand. Oh-kay, but there are companies out there with multibillion valuations - they can buy all the ads in the world if they wanted to. How are you going to compete with that? And why? Realistically, do you think people who consume weed are like wine connoisseurs? Cannabis is more like beer - just make a lot of it and sell it cheap. There have been SO many new players in the game in the past year and most are moving ahead at a much faster speed.