RE:RE:RE:RE:RE:Due Diligence = N is AwesomeMoneyShot19 wrote: Thanks for the response Blue. I do admit that it is the first PUBLIC company these guys have run, and there have been errors/mistakes, albeit minor in my opinion. My comments below:
The nurses was a HUGE miss step. Lost them supply from Tilray and Aphria from what I heard. I was at this party and the media blew this way out of proportion. Nothing about this was offside in terms of provincial/federal regs, but some rat was there and used this as ammo to knock the company down a peg. Although speculation, there's rumours of QC government pushing Tilray to back out of the deal to tarnish Namaste's name and reduce their market share in QC. Something the QC government might do. Tilray soon after announced their supply deals with GErmany so perhaps they just dont have enough product and used this as a way to back out as well. Bottom line, Namaste will learn from this and be more cautious with optics, but this is a sad/shallow attempt at degrading a company's reputation.
The selling of Pokmon knock off bongs on their website. Truly stupid. Sure, it's stupid. But who cares? Does the average consumer care? No, and they are the ones that matter in the end. No one will boycott an e-commerce platform based on one product - they have countless others to choose from. Step back from the analyst's point of view and see this as a consumer. No one cares.
The very quick write downs on goodwill and intangibles show judgement issues as to prices paid for assets. Again, they are new to running a public company and perhaps have overpaid for some assets, but they understand tech and until these assets are monetized and we see what they can do, i wouldn't say they have underpaid/overpaid.
The raising $ on a Bought Deal then the decision to share buyback with $ raised. Paid a commission on Bought Deal that could have been saved. Perhaps they didn't have the foresight needed in this situation, but it's an ever-changing landscape and overall i don't see this as a big deal.
I think in Feb they had a total of $125,000 in fixed assets. It's a tech company! Low overhead!
They are now waving a Nasdaq uplist like George telling Lennie about the rabbits in Of Mice and Men. Doesn't make the uplist any less real. perhaps this is a bit of bitterness from APH not being able to uplist for so long, but i digress.
Like I said a Jonestown level of forgiveness. And you skipped a few of my points in your reply.
The “press blowing the nurses out of proportion” is ludicrous. The fact that they did this in the me too” era is telling how obtuse leadership is.
No bitterness here. I am a long term investor on all my holdings.
Good luck to you.
GoBlue