GREY:RVVQF - Post by User
Comment by
Botaniston Jan 29, 2020 3:14pm
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Post# 30615795
RE:RE:RE:Thats so Raven .
RE:RE:RE:Thats so Raven . At 3.5c we have a market capitalization of $5.5m (including Digi's 41m) with a $12.5m debt due in 28 days.
The company's response was to say nothing for a week, drive doubt, then put out a really bad update. Statements like concentrating on technology while the cannabis supply side normalizes is just rubbish. As I linked in another post the wholesale cannabis price is above $5, we supposedly can produce for under $1.
The biggest worry is the debt, no reassurance at all, just working to improve profitability and the balance sheet. They are going to do this with the app? while the supply side normalizes, all within 28 days!
There is definately another agenda at play here, the 41m shares going to what is really a shelf company, helping drive the share price down while probably the same crowd that owns the 41m shares accumulate more. Why does this group want control of our company? What's the agenda? Sell the assets in a fire sale? sell the company in a fire sale? We are being driven into the ground for a reason, time will tell.