RE:Guys chill out a bit. I hate they diluted more shares BUTTTTyou have some valid points of argument for sure Like I have said in the past here many times desperate people do desperate things and ZENA was desperate so they did the only thing they could to stave off insolvency and that was massive dilution of shares ;;;lets just hope it works Iam more worried about the fact the BM is as strong as ever thats really hurting the legal market and here we are two years later and still have a weak supply of retail outlets ;
Troysthatguy wrote: If you look at what its going to is it a bad move??????????? Paying down 20 million dollars in debt. Hence decreasing a few million in interest on top. Its not easy raising capital right now so the fact they basically paid off what currently oweing means they have a fighting chance to keep driving sales up to become profitable which theyre so damn close to doing. And with vaps and all other products that hit the shelves this quarter along with german agreements in Q4...Zenabis might be pulling this whole thing off. Look i agree they have screwed all of us around. But to me this is good news because atleast they can continue operations and fullfill the last few stages. Might i add they are the biggest revenue generating ones....I dunno but my gut tells me this just might be the last big dip for Zena for good. I mean atlest under .10
I could be wrong but I believe after we climb out of this one we wont look back...Sure theyre will be dips but not anywere near this....
I think managements game plan is to pay of debt to keep operations going and fullfill a surge in revenue which i see coming as i said above...When revenue is positive and starting to pay down liabilities naturally. I imagine youll see a reverse split of 10 to 1. Because after theyre profitable the market makers and deep pockets will want in. Zena knows this and to really make this climb from a penny stock status they need to upgrade. Again when profitable operating company that wont be hard to achieve. Then the can uplist to senior exchanges which targets a massive wave of new investors. Nevermind there past and me and you for that matter... Again when positive in operations the past is quickly forgotten in investing!!!
Just my two cents!!