OTCPK:SPLID - Post by User
Comment by
geodcanon Jun 02, 2018 3:01pm
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Post# 28115845
RE:RE:Anyone else notice geo's pattern?
RE:RE:Anyone else notice geo's pattern?I did up a post this am to stir things up a bit but the SH gremlins have it. Just to be clear, I believe in the idea but the execution has me wondering. How long will people continue to support and finance this with the burn rate running well in front of the revenue? Good honest news will move marijuana stocks. The NU nr drove their shareprice ahead almost 50% and EAT's ahead a little but both are retracing.
You are right that I am long and waiting on one thing (California) for EAT to get it right. To me, we haven't proven that anything else we have pursued has come out well other than to fly on the coatails of companies that are showing some success.
If Colorado fixes the residency requirement we could be allright there other than there is a lot of competition as there is in Oregon.
Our management lost focus imho and some of the deals just seemed desperate and plentiful, all costing money with little hope of a quick return.
There are new hopeful greenrush companies popping up all over the place with fistfulls of money and there are huge progressive companies like Canopy and Constellation that could steal our lunch anytime they want.
I do have faith in Jim Frazier to get things done in California, despite the beurocrats screwing up the roll-out like only governments can. I think it is the one opportunity to get back to the original plan if Posner doesn't break us first.
There is a lot of shares out which makes it harder to move the shareprice up and a lot of new opportunities in the pot biz which I am studying up on. Nu wasn't on my radar but it is now and yes I still like Tinley and the beverages idea.
glta and dyodd