Post by
Agitatedholder on Mar 04, 2021 7:52am
CDL
Imo, I think they are on to something big, why else would the new CFO choose right now for the share dilution? timing was the worst, they werent broke at the end of Q3 they had approx 37 million, The new CDL is the reason they need all this money asap. Holding
Comment by
greendayyyy on Mar 04, 2021 9:00am
So why didn't they do the financing when the stock was at $1. When the managers of a company are incompetent and don't make the right choices for the shareholders this is what happens. I don't see anything positive for LABS in the next three years. If it still exists in three years.
Comment by
Lemoyne on Mar 04, 2021 9:41am
At close to 1$ we were all thinking this was going sky high. Maybe they did so too? I mean, Labs decreasing so much was unexpected, there were no news for it to drop. Maybe mgmt thought this was going higher too with all the legalization wave going on in the cannabis market. Easy to look back and critisize. What is CDL?
Comment by
Lemoyne on Mar 04, 2021 9:43am
Canadian drug licence? They said in prospectus they do not expect de drive revenues from this licence for the foreseeable future.
Comment by
Agitatedholder on Mar 04, 2021 10:58am
Well, that just burst my bubble, lol got a CDL but dont plan on using it. it expires in 3 years. I just cant wrap my head around them being so incompetant rather think they have something happening that they havent announced yet, but what do I know I thought they were going places & invested in this company years ago.
Comment by
Starkicker on Mar 04, 2021 10:21am
Good point GD. If they had any confidence at all they would have financed at $1. This company has a history of talking the talk without walking the walk. Where is all the revenue from all those foreign market agreements from the past two years? All I can say is after announcing record shipments in Q4, they'd better light up the scoreboard with some serious revenue at the end of this month.