OllyOlly wrote: This is not an emerging industry. The big players have already come out of the gate and firmly established themselves, and the smaller and less successful companies are either going bankrupt, delisting, being purchased or simply liquidated.
Some of the companies FSD is trying to "compete" with have been growing for five years at this point. They have 5-10x the production capacity, they are consistently reducing their overheads to a minimum and are continually expanding, and actively pursuing the other emerging markets like edibles and so on.
FSD says its doing these things, but so far has yet to accomplish so much as one thing -- in fact, from where they said they would be 8 months ago, they have pretty much gone backwards. They've lost their biggest partner and all their funding, and on top of that, started out with 50+ million in cash and are now down to 20 with virtually
nothing to show for it.
"Emerging industry" is a fallacy at this point, and an excuse for people who refuse to cut their losses and accept reality.
The industry has emerged. FSD is not a part of it.
Their desperate attempt to play catch-up two years too late will be met with failure -- but the executives have no other choice at this point, they cannot simply throw up their hands and walk away.
An intelligent investor can though. But, apparently people love to lose money.
Grocerymoney wrote: Fair.
This is still an emerging industry, we'll have to see in months to come if management can get their act together. Short term, if current levels don't hold FSD is hitting 18-20c