RE:RE:Not AcceptableSounds like cupcake drivel to me there Go....they had ~$2mil of finished product on Dec 31st, was that in packaging/ pocessing, sitting on the dock ready to be loaded for shipment, between Xmas and New Years, how much has just come out of curing and ready for processing etc, with $5mil growing and or curing suggests to me that they have markedly increased their production and processing quarter over quarter.
"...if it is just going to sit there" where did this come from, either you don't have a clue what you are talking about or just another fukkn cake spewing bullshite, either way offer something of value or hit the road, JMHO....Opt
Go0B3r wrote: Opt, did you read the earnings report bud? they didn't sell everything that was available, since they still have plenty in the vault...so what would have been the purpose of growing as much as you wanted if it's just going to sit there until it gets mouldy? lol dafuq is the logic?!
OptGreen wrote: It appears they sold everything that was available but why so little available after building/ prepping for 4yrs?....there is plenty of cash in the till and a vault that would house several Buicks, and mean real Buicks, 1960/ 50s models not the go-carts they build today. Sales for the quarter need to be monthly sales by the second half of 2019. I can not see any good reason to have not had double or triple the quantity of product available for sale for Oct 17th.
It is what it is but it needs to be changing as we speak as there is no acceptable reason to not be in the $15mil range this quarter....and to be fair there have been some material changes, like packaging and prep for smaller volume shipments to many more destinations. The $2mil+ in Finished Goods as of Dec 31st and the $5mil Work in Progress is a solid start for this quarter, add the additional grow area to come on line over the next couple of months and we will start seeing numbers more in the acceptable range.
A slower than expected start but still a solid increase quarter over quarter and with all the growth assets still in place, along with ever improving plant to shelf efficiencies things could be a hell of a lot worse. Add lessons learned and no RS talk and we will be back on track starting this quarter....what doesn't kill you makes you stonger and I think we see that with FIRE going forward and this will be less than a speed bump in a very long road of success, JMHO...Opt