Corporate Update AnalysisOk, finally something we can sink our teeth into.
Orbitals - Alright, at least the plants don't look like they have been harvested early, so there MAY be a little less internet hate on their results. I like the inclusion of LED, but its not that large of a development. Anyone in their right mind knows that growing is moving towards LED. Half the closets in BC probably have existing COTS style LED lights and they are a dime a dozen.
Fort McMurray - A big attempt at downplaying this, but I call BS. This was a big push for them, and its part of their supposed four pillars. Not proceeding with a native LP means this Pillar is broken. Another website update needed? Alexander First Nations? Unfortunately, once again, RQB doesn't look professional.
https://rqbglobal.com/partnership-with-indigenous-peoples/
This hasn't been updated yet, and STILL shows For McMurray on the page. Maybe they are new to the internet? You need to update your page BEFORE a press release. Of course, this leaves another question.....what about Western Agripharma? Is it real?
Notice I called this earlier?
Euro JV and The Swedes - This shows how well (terribly for us) timed the RGI lawsuit truly was. Not only has this pummelled the share price, but with the cancellation of these opportunities, we know we are twisting in the wind. Could it come back? Sure, but in the meantime, RQB needs to survive. What was once my favourite bragging point on this stock is now gone. Notice I called this earlier?
The F*cking App - Alright, so now I've seen screenshots and heard the elevator pitch. This sounds VERY VERY stupid. No one I know will get into this app. No one. I've spoken to plenty of growers, and they just laugh at this. I know I won't be using for my own. Do we really need this to order tools, PPE and so on? Really? Is it worth 1/3rd of the company?
I was quietly hoping that everyone's use of the word "app" would be a misnomer, but rather DigiGro would be some heavy Server based software package for major growers, rather than this consumer level gadget.
Debentures - Good. At least they acknowledge this is the big one, and its a wave you'd better surf right, or that curler will bury you.
Letter Grade? - D