Post by
NoRiskNoReward on Nov 22, 2023 6:11pm
Shareholder value
Management needs to start thinking outside the box to bring existing shareholders more value. Doing a M&A at current share price would be a slap in the face. If management is so confident on being cash flow positive in the next 2 quarters and pending news with a pharma partner. I'd rather see them do a 10-1 reverse split, followed by a share buyback with the money from Tilray settlement. We could potentially be at at the same outstanding shares prior to the Vivo acquisition. I think that would be the best 1-2 punch we need to wake up this stock.
Comment by
Solid1 on Nov 23, 2023 4:16am
Japan clears the way for cannabinoid-containing medicines! BIG! Japan has draconian penalties against cannabis, but when even a country like this recognizes the benefits of cannabinoid therapies, we're in for a big surprise
Comment by
NoRiskNoReward on Nov 23, 2023 1:40pm
Just a little fyi, kiss of death occurs when a company is forced to do a RS to stay on the exchange, followed by them diluting to fill the piggy bank up again. A voluntary RS, followed by a share buyback is not the same outcome.