momomocau, thank you for the opportunity to further discuss Medmen.
Medmen, once the 'Apple' of cannabis - through the years mis-managed, mis-used investor funds and desotroyed the company. They've had 5 CEOs and numerous CFOs in the last years 3 years. Their financial problem, declining sales and store closures and sell offs are well known in the ubdustry - in short they are a terrible company - and everyone knows it.
Everyone, that is - except Irwin 'Simple' Simon. Simon acquired $225 million of debt that Tilray owed to another company (Gotham Green, I think?) describing Medmen as a 'great company'.
Tilray stands to lose the entire $225 million of investors money if Medmen declares bankruptcy. It's illegal for Tilray to buy/acquire Medmen outright - please someone, tell me taht Tilray wont 'forgice' the debt. That would be almost criminal to Tilray investors.
This year - Medmen has requested extensions to release their financials statements and in press reelases gave new dates for the release. They announced that the financials would be released Dec 13/23. Last week came and went - not only were the finanaicla NOT released - there has been radio silence and the company and not given anyone the courtesy or respect to issue a press release to inform investors what's happening.
All I did was predict that Medmen would wait until markets closed on Friday to issue such a press release - a common ploy among many companies to issue negative news then - in the hope that the bad news would dissipate over the weekend and lessen the impact Monday morning.
My new prediction is that Medmden will make such an announcement tomorrow morning - if I'm wrong, so what? The ones who should be asking 'where's the announcement' are the Medmen investors who need to know teh status of where the last bits of their investment sit
Zenabis, declared bankruptcy
Hexo, would have declared bankruptcy if not acquired by Tilray
Medmen, will likely declare bankruptcy
I'm not sure why you feel I'm out of line in 'denigrating' the companies, all who through sheer incompetence and mis-managment cost investors a great deal of money - while insiders and senior management made millions.
momocau - you've stated you owned Zenabis and Hexo, how much money did you lose and why in the world would you defend those companies?
You ask 'why am I on this site'? - I could ask you, why I can't be? Probably a better question is why are YOU on this site, or why you make the investment decisions you do.
One thing is clear -
you would have done a lot better if you'd listened to me. Post by momocauon Dec 17, 2023 4:19pm 117 Views Post# 35788950 December 15, 2023 at 4:54 p.m. KEELER tells you.
December 15, 2023 at 4:54 p.m. KEELER tells you.
I SITE YOU.
Expect Medmen to make an announcement this evening after the close - a typical Hexo trick to report bad news in the hope that it will lessen the impact when it opens on Monday.
Where is the MEDMEN publication. As you can see Keller always publishes information, in his own way.
Also all investors can see that KELLER has denigrated, ((ZENABIS, HEXO, TILRAY AND NOW MEDMEN)) for what.
A question for you KELLER why are you on this site.