OTCPK:SPLID - Post by User
Post by
geodcanon Nov 29, 2018 1:36pm
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Post# 29040669
nr is interesting but not surprising
nr is interesting but not surprisingsort of confirms my concerns about cash flow. I said before that we are in a race with ourselves to success or failure. Liquipuss, it seems, is of the opinion that the value is in future potential, which is why I am still here. As long as we can keep grease on the moving parts to get to where we are trying to be, there is a chance of making some good money.
Liquidating non-core assets could be good but is also concerning. It raises the issue of fund raising and can't we do it by conventional methods, did we run out of angel financiers or is the sharefloat too high? Maybe we shouldn't be chasing those non-core assets in the first place if we have lost our ability to raise the funds to grease the axles to keep moving forward!
Just like the big licensed producers in Canada, EAT is at the point of real shareprice value by conventional methods of profits and losses. 2 and 300 baggers are long gone imo and irrational exuberance sharepricing for companies like EAT are being tempered by smart competition backed by big pools of money waiting to pick up pieces of wannabees.
EAT bifurcated (Posner's word) from being an infused edibles company to also being a real estate company, to the detriment of the business plan.
I have always said that this company needed to focus on the marijuana edibles business and I was glad to see us picking up some successful companies to drive us forward, because we have been terribly slow getting things done ie: Colorado!
We ain't no Canopy who has a plan and continues to put the pieces they want together although I do see light at the end of the tunnel because of Jim Frazier. Time will tell! glta and dyodd