Delta 9 Cannabis Inc DLTNF

RE:RE:RE:RE:RE:Nine.Wt ?

[NoUseForBashers]

Hah, I understand your point now, your sarcasm is aweful, you must be from Ontario.

Anschutz wrote: No, your math looks about right when using 'old school' math.

What you're missing is that by selling the warrants, John was able to deposit millions into the company's bank account for nothing more than a promise to dilute the share count in years to come.  Although the warrants (together with the grant of options to insiders) contributed to the constant decline in share price witnessed since the IPO, those millions the company made off the warrants are sitting in the bank. 

You see the company 'thought' they needed the money from the warrants because the price they set for the IPO was way too low and made them 'think' they didn't have the capital they needed.  However it turns out the capital raised through the IPO was enough, as company growth since the IPO (in terms of NINE's retail locations) is behind schedule and at a crawl.  Production plans have also not changed in the last 2 years even though it has become blatantly clear there is a shortage of cannabis in Canada. 

I actually read a report a few days ago that the feds are likely to open the Canadian market in 2019 to foreign producers as Canadian companies are unable to meet the demand.  This is great news as it will relieve John of any pressure to further scale up, thereby enabling NINE to focus on maintaining their small niche craft cannabis status and free up John to spend time in the store convincing customers to buy Delta Nine's cannabis and posing for selfies.

Meanwhile those millions made off the warrants are sitting in the bank earning the company somewhere between 0.05% and 0.65% fully taxable interest PER YEAR!.  Taking the Manitoba and Canadian inflation rate into consideration... Wellllll... it's obvious you didn't study the new math John learned at high school that focuses on the use of estimates rather than actual numbers and calculations.

John and NINE are doing a great job and the share price is going stratospheric!  Suggesting otherwise using your old school math is heresy.   It's actually uncanny how similar John's knowledge of building a business empire is to that of Jeff Bezos. 

NoUseForBashers wrote: Heres my math: I buy 10,000 warrants at .15, so that’s $1500. Then when warrants come due at 3.25. So that’s another $32,500. $34,000 total for 10,000 shares. I just bought 10,000 shares for 14,800. When it hits 3.25$ I’ll have doubled my investement. By the time the warrant purchaser doubled their investment at $6.50, I’ll have quadrupled mine. Or am I missing something? 

Anschutz wrote: Not sure why you wouldn't consider buying the warrants. John's decision to sell warrants with a guarantee to redeem in a few years for real shares on a thinly traded venture exchange stock was an absolutely brilliant idea. Absolutely loving the wealth he is creating for shareholders.

Go John!  Go NINE!  To the moon!