Im bullishI was bullish at a dollar, but the company had huge debt , and then got punched in the face for asking for lunch money in exchange for free shares. But after looking over the numbers.. there is no way theres any downside from here. Most of their costs are behind them and already paid for, wrapped up in their debt. They were 160mil in total debt. They just raised like what ..70 million since july?
Their salaries are a but ridiculous at about 13 mil per quarter though.. but this company is worth 400 million on paper easily.. dont understand how the share price can be so low.
the biggests debt and losses in the balance sheet are all from building their facilities, which are all done now.. so the profits should be coming
at 100,000 KG per year thats 25,000 per quarter which should sell at least half at easily 4$ per gram.. Thats 52 million dollars revenue if they SELL HALF at bottom prices.
Even paying their employees as much as they are they are eventually going to pay off all debts and get profitable with that kind of numbers
SP should be at least .50cents all considered, and 1 buck by the summer when they are getting way better margins growing uner the sun..
Good luck bulls.. anyone know how many shares are short right now?