RE:RE:AnyoneIf they show something, I may consider getting back in. Especially if it does hit a low enough SP and then out of nowhere they come up with something spectacular. I doubt I'll be too late though, I watch this one daily amongst others and will still follow Nick's Tweets about Abbotsford, but no more buying on Nick's "rumours" or the next time he says he's writing a NR.
YachtBuyer wrote: I hold a little less than 900k shares. The reason why is because the technology has been proven to work. In the last grow results for strawberries, AFI met its goal. They have already started testing a new tower with double the arms, and it is expected to deliver results that match growth goals (just as the previous tower did).
Affinor has built two towers for THC, and although it is taking a while for them to ship, they should be shipping soon as there have been talks between them about shipping details. Once installed at THC, these towers will show that AFI is committed to growing marijuana and another company is committed to AFI's technology.
The greenhouse site in Abbotsford which is being constructed right now will also be a great place for the technology to be showcased. AFI only owns a 10% share of that site, but it will use AFI's towers for all production therefore generating revenue for AFI.
The burn rate of capital is quite low if you look at the financial statements on Sedar, and the company is making good progress towards becoming profitable. Once the grow results are announced for the machines at THC, other producers will be interested in the tried and tested technology. It is for these reasons I am invested. The current CEO Jarrett Malnarick has proven he can lead the company and make deals with other companies such as THC. Nick stuff aside, AFI is headed in the right direction. It is a shame Nick's antics have plagued the share price and bullboard, but if we evaluate Affinor on its merits alone, it is a very appealing proposition.