RE:Managementbossofthemoss wrote: I hate to spoil the party but I have to post an experience I'm aware of that occurred with all levels of management in regards to the recent Private Placement. In my opinion, it was actually quite unethical and leads me to believe that management should not be trusted to take care of shareholders' interests. The way they handled the allotments reeked of last second handouts since the price of the stock was rising during this process. I'm aware of at least one case where they actually cancelled the individual's shares after committing 100% to his agreed upon subscription, taking his money, confirming by phone and email his purchase, and then several weeks after closing randomly couriering this person a cheque to their house with a letter stating their subscription has been cancelled. It's obvious to me that many individuals came out of the woodwork at the tail end of the PP to express interest since the stock price had risen so dramatically since the early investors had committed their interest to the PP so they conveniently last second allocated shares to whom they deemed best and cancelled other subscriptions without informing these people what they were doing. Private Placements are typically either a bought deal, or like the recent Namaste one are a first come first served basis and if there is an oversubscription allotments are either cut back or the late comers are just told that the PP is fully committed to. Very shocking that management would not even answer to these individuals when questioned by phone. In the first few days of the PP when raising the money was tight they were more than happy to accept orders and appeared so appreciative. Their true business instincts came to surface when things got hot and they had to make ethical decisions on allotments. Not impressive and from my experience speaks to a credibility issue that should very much concern all investors with this company going forward. Do not expect the straight goods from this group of people. They're very fortunate the weed space is hot these days but that won't last forever and the tricksters will be "weeded' out (pun intended). Good luck to all.
Ha! Nice try. Without any proof youre just blowing smoke up everyone's a ss!!