GREY:CHALF - Post by User
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NevadaRayon Jul 10, 2017 12:23pm
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Post# 26451214
RE:RE:RE:How do we look at Chalice having 28% of GLH
RE:RE:RE:How do we look at Chalice having 28% of GLHOur Chair of the board has a facility in Chicago. How about that for a jolt? Our other new director has a California residence )) The third guy is already a director in Canada at MMGC...These new guys are not hired by mistake folks
pennytime wrote: christophwaltz wrote: There will be quite a few more opportunities for GLH to issue a LOT more shares in exchange for other businesses in the near future. This includes JuJu Joints but also in California and possibly (I'm speculating) in Arizona [Perhaps around Nov/2018]
As the company becomes even larger, the 28% Chalice currently owns will be diluted considerably. Now, at the same time any shares you or I own will be diluted as well, so bummer. But you can be sure that the company will continue to acquire businesses that show revenue/promise and will actually be accretive in the long run.
I fully expect that GLH will do another private placement this year, likely for more $ than the last one. Here's hoping the shorters get their faces ripped off and an option for a PP at a reasonably higher share price materializes.
No. I disagree. GLH will issue new shares but not to such scale. GLH has all it needs to become a full stack product producer and the only thing it needs is some operating cash. This can wait till share price appreciates to more than a $. Buying more companies making no sense any more. And deluting further is suicidal.