OTCPK:NWKRF - Post by User
Comment by
TruthAboutHipon Jul 11, 2018 3:03pm
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Post# 28301702
RE:RE:Shady but true
RE:RE:Shady but trueI am going to have to respectfully disagree with most of your post. 5 million is half of 10 million. So investors who received that news straight from the CEOs mouth were duped !
I will give you the obvious fact that sales will be the deciding factor across the industry but that is just an obvious unavoidable reality and cannot really be predicted.
I think that the company has to be held firmly accountable for where the SP currently is. Look at what happened as a result of their AGM announcement on May 22nd and bought deal announcement on May 24th. The SP dropped a whopping 25% within 2 days. That is no coincidence and no other stock suffered such a loss over that period of time. It was purely down to investors losing confidence at these poorly conceived and poorly timed choices. If not for these choices I think we might see a SP more in the range of .90 to $1 today.
I understand the concept that this is still a volatile market but with the position HIP was in prior to May's NRs they could have done so much more to inspire confidence. For example:
Get busy with the Niagara Facility. This after all is where they will be producing the majority of the product they have proudly stated they will be selling. Nothing is more important than getting the growing facilities up and running !
Clearly though they have other priorities. What can they be ?
All I see is raising money and diluting the stock. What are the plans for all of this money ?
We were promised big news. Where is it ? What is the reason for the 2nd bought deal anyway ? What is the plan for all of this money ? We haven't heard a damn thing about how this bankroll will be put to use.
"Work on the facilities are on or ahead of target" is about all we ever hear. But this is not the truth. Wilgar is again on video sometime in mid January claiming that the Niagara facility will be up and running within 2 months. That would have been mid March wouldn't it ?
So what work is actually being done ? What is the hold up ? How much more are we expected to swallow ? It is now mid July and 4 months later they still are not any closer to running the Niagara facility ! Why do people here keep on giving Wilgar the benefit of the doubt when he has clearly not kept his word and invents new truths to suit his situations ?