RE:RE:RE:RE:Federal review
Northboy44 wrote: Know what you are talking about. Last post you said shoot off to the moon..why the turn around...
I don't remember saying anything like that. I am heavily invested because mgmt had in the past showed a great deal of responsibility and restraint in the fashion they diversified and managed growth.
IMO, they started going off the rails with their "gold rush" fever of overpaying for stores and grossly diluting DN shareholders. I.E> Valuing DN (shares) at a fraction of the value assigned to the acquired operations, on price to sales ratio basis. Its completely backwards!
I say: What's the rush grabing market share and overpaying for it when the over abundance of mom and pop stores today will naturally starve each other out into bankruptcies. Why not show restrainst at this juncture and wait for better bargains amongst the coming carnage?
Priority number one right now should be to squeeze out actual real earnings and prove the business model, generate your own cash flow for growth expansion capital, and with this kind of news attract a mass of cannabis sector investors desperate for actual profit-generating operations and that will jump start your stock to a point that it then makes way more sense to use it a currency.
I can't control mgmt. If they are hellbent on getting over-excited and blowing our financial brains out with over-agressive growth, then well, I will re-evaluate and I'll change my tune. Right now I am pissed at their gold-fever style financial recklessness.
JMHO