GREY:MYMMF - Post by User
Comment by
BadgerMeon Dec 05, 2018 4:00pm
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Post# 29071367
RE:RE:RE:RE:RE:Criminal Investigation coming!
RE:RE:RE:RE:RE:Criminal Investigation coming! Oh forsure. Id agree with that in theory... but then we look at Aphria.
The presentation done by Gabriel Grego shows how easy it is to manipulate. He went on record saying background checks usually have about 10% resulting in red flags. The Cannabis sector is the inverse where 90% of background checks result in red flags. "its the wild west" he was quoted saying.
If we look at investment firm that provided the equity financing they have given out like half a billion dollars in financing literally in the past few months I believe. What if all companies call at once to use their funding? Do they hold enough cash to payout half a billion dollars? Are their regulatuions that stipulate any funds given out must be held in an account to avoid such a scenario? The CSE is so loose in regards to regulations. Even the leader SEC has holes.
What if... the secured financing is just a carefully worded release saying "up to" 25 million. meaning they could make use of all or nothing. A fluff NR to garner hype perhaps?
I dont know, its tough. Generally Id view this as excellent news (see PUF now Agra securing 40million) but with MYM everything seems to be shady.
Even the 25 million , only allows them to expand the laval facility, giving them 75% of 37k sq ft. Weedon is projected to cost 250-300 mill.