RE:RE:RE:RE:RE:Financials?Great posts riccio, there is an astounding amount of ignorance that comes to fill up these boards when a stock and sector gets hot, then the first sign of consolidation - the fools panic.
Corrections are a needed, healthy and beautiful thing. If you never get mini corrections of note along the way, you only build towards a crash. This presents opportunity to even a half awake investors who has an essential grasp of the business plan, management and execution.
People see the mug half empty when looking at financing have truly missed the point there, it is VITAL to be well capitalized as we move into this enormous bullish expansions phase in the biggest market in the western hemisphere of California. You look at how many companies do not even have the permits to sell but WE DO!
This is a great time to be an EAT investor.
riccio123 wrote: To be honest they need this additional funding with all the additional states that are leagalizing, its not because they are burning through cash. This a company that wants to spread it seed in every state that becomes leaglized unlike other companies that stay in one state. To conclude I'm my opinion by building facilities in multiple states will allow this company to become a leader in oils and edibles in the USA.