RE:RE:RE:RE:RE:Where's all the pumpers now?Realist610 wrote:
I agree with you, those are great gains. However ...
We'll have to agree to disagree on this then. The Supreme licences was caught in a number of things happening at the time. A minister of health that did not want to deal with MMJ as well as being thoroughly pre-occupied with a looming election. A civil service uncertain of the directions things would take after the election. An extreme shortage of inspection staff that was not corrected promptly due to the same reasons as already mentioned, and of course the election itself, which as we all know brings the civil service to a complete halt.
As to clarity, I was on the phone to Fowler every week. There was enough clarity from Supreme, but none from HC. Something I am very familiar with.
Remo nutrients affected a lot of companies. That wasn’t specific to Supreme and none of the users of those products would have had prior knowledge of the problem – so you need to leave that un-pinned as a management failure.
I’m aware of the warrants and the conversion price issues. They will have an effect, but that effect will only be temporary in the face of a profitable company with good revenues. Right now they should not be an issue.
Your position might be worthy of more consideration if it were only FIRE experiencing a pull-back, but that is not the situation. This s across the board. The hype is dead.
You may have an issue, for whatever reason, with Fowler’s actions. I’m not touting him as anything special and I’ll admit he has done things I’ve found questionable. However, I’m not in his shoes and can’t read his mind. Nonetheless, the company is in good shape with a good looking short-term that should lead to an on-going healthy operation. It’s too soon the write them off, way too soon. Their short term outlook is considerably rosier than a lot of other companies their size.
I’m still well in the green on this so I’m willing to give it some time. My own expectations may not be as grandiose as those of the dissapointed rats jumping ship, but they are based on a reasonable amount of business knowledge and experience. Unless management completely f’s up, or this company is bought out by a hostile take-over, we should see the business build nicely over the next 4 quarters. What that will do in terms of SP I don’t know, but it certainly won’t hurt.