48North Cannabis Corp. V.NRTH

RE:RE:RE:RE:RE:Market cap of 62 millions

[clubhouse19]

LMAO

Big difference bewteen actual compensation and real compensation when most of the options if not all are below strike price.

Ask yourself what part of that compensation that you allege the ceo made  would be taken as  collateral by a bank  ?

  Like me asking for a million dollars and telling the bank I think my million shares will be worth 2 million soon ?

ILIKETA wrote:

I was wrong when I said "Combined CEO, CFO, COO total compensation of $5,991,288"
The total compensation for Alison, Jeannette, David and Kevin was actually only $5.27Million in 2019.
Alison gave herself a 325% increase from $777,505 to $2,527,339.
Must be nice.

 

 

ILIKETA wrote: I sure hope you’re right, but I seriously doubt it.
Did you see how much this group pays itself?
[url=Combined CEO CFO COO total compensation of $5,991,288]https://twitter.com/BettingBruiser/status/1196562669647663104/photo/1[/url]
 

 

Hobbs999 wrote: But these acquisitions total 800 thousands in cash if you read the press release, the rest is in stocks. And building out the farm is more of an investment. So its not like it's thrown out the window and I don't see what would cost millions in investements from what I've seen. I am pretty sure they have at least 40M remaining.

ILIKETA wrote:

Hobbs999 wrote: And around 50M in cash? The market is not pricing the havest + every other assets very high :S

My guess is that they spent a lot of the 50M in cash.
This was at the end of June remember.
They bought two companies, had expenses for the Good Farm and had expenses for building out the Good House for handling the drying of the harvest and all of the extraction.
These things will not be cheap.

I hope they have money left, but we don't know because they don't give updates like the other outdoor grow ops do.
I'm praying they still have 10M left so they don't have to raise again.