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Maple Leaf Green World Inc. N.MGW

"Maple Leaf Green World Inc and its subsidiaries focus on the cannabis industry in North America. It operates or funds three cannabis projects, in British Columbia, California, and Nevada. The company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products."


NEO:MGW - Post by User

Bullboard Posts
Comment by Assouf2008on Nov 26, 2009 2:42pm
290 Views
Post# 16527307

RE: Weak!

RE: Weak!The problem with MPE is the lack of daily volume and interest. Today an anonymous seller dropped over 100k in shares at market to drop the share price to 10 cents. The reality is that it is only $10-11,000 worth of shares but it just shows how easy it is to tank the share price. Imagine if someone with 1 million or so shares wanted out immediately. It could get ugly.
In addition to more sales/revenues we need more effective investor relations and marketing pronto.

What has me worried is that with the premium of 15% interest that MPE is paying on the convertible debentures, whether they're going to be able to pay this off if these investors want cash as well as their return of capital. That's going to be hard if revenue from sales ain't happening.





Bullboard Posts