GREY:MRRCF - Post by User
Comment by
shinshinon Dec 07, 2018 12:57am
85 Views
Post# 29080497
RE:RE:90guppy & AJL555
RE:RE:90guppy & AJL555Thanks for the response. Other than some mining juniors that i have invested that did reverse splits in order to stay listed i have really only been involved in standard stock splits and a few times the stocks rallied as a result of it.
I do think we are in for a strong Q4, I do think that Ben should not have rambled off his forecasted revenues for Q4 when he did that interview is Switzerland a few weeks back. By him spitting out that figure which was a lot higher than I had forecasted(I thought 7-10mm was reasonable given the lack of revenues in the previous quarters) it raises peoples expectations and anything short of that could will cause panic and uproar among investors and give more ammo to the shorts to drive the price down again. I found this to be a rookie mistake but I really hope he proves me wrong.
As we all know, they have been stockpiling product for some time I don’t have enough experience in reading balance sheets and I woulf have liked to have know just how much product they indeed had put away for rec sales. My other fear is that if the health Canada approval of phase 1 takes longer than what they had planed and if they didn’t plan their supply chain distribution properly they many have a very disappointing Q1. I do hope that Ben managed all the potential delays and risks ahead of time and that he isn’t just managing this company with rose colored glasses.
My other concern is that Ben is trying to expand a little too aggressively. Although he is just issuing paper for all the recent acquisitions, they all require large amounts of capital in order to get the operations going.
Each morning I wake up I want to see one of two things, an import license NR or a NR letting us know that phase 1 is operational. Maybe it’s just me, but I am a little confused when on the Midas letter Ben says things like we are currently growing in phase one and then a week later he tweets out “ok health Canada we are ready for a license”or that he says their German partner called him at 11 pm to ship more weed but then he says in a later interview that he is waiting on an import license which should be in December.
I am a very patient investor and I don’t need instant gratification and I am not really concerned with the volatility in the share price since this is the birth of a company and the birth of an industry but I do expect to see results in the next two quarters. I am optimistic I I really want Wayland to deliver and prove the markets wrong and reward us all.
Have a great night everyone!