RE:RE:RE:Soda123‘s accountGgeeman, first off i always appreciate your posts and secondly, i have a 2 hour drive ahead of me so i need to keep this short. I have reviewed Jays track record etc and found that he is well educated and experienced in both management and mergers. I am doubtful he is running the business in a poor manner despite appearances. HIP has also been using money to do exactly what you wanted to see in the multi phase expansion of the new facility... don't forget that fancy booth thingy too, that had to be 100k to be NR worthy (maybe I'm still not over that... anyhow). The HIP sales numbers were lower than my own estimates however the company came in below my best case scenario of a 2 cent per share loss so management of the business, for what they sold, was very good. I have a ton of thoughts as to what we may be seeing here however i have to run. TTTL Q
Ggeeman wrote:
the loss per share was due to the fact that they did ZERO with the money but pay themselves and finishED retrofits . They have ZERO clue what to do with that money and i don't trust this management anymore ( Neil brothers ??? C'mon )) . Quin , with all due respect, you were not here through all the turmoil and b.s . .. a lot of investors are and have been taking it where the sun don't shine !!! Just because a company has a loss from spent money ,DOES NOT equate to bad business . The other LPs are using money to expand for future growth , shareholder value , and future REVENUES. HIP is literally just coasting and looking for a buyer , hence why wilgar put out that bnn rumour in September about selling the company . It's very simple actually .... I still don't understand how some of you don't get it ! This man intended to build up a business to SELL . THIS IS EXACTLY WHAT HE IS DOING. It's essentially a ship with no captain , and at this point it's too late to stear it clear of the in coming doom. He made a generic plan and just coasted until he could find a buyer . Everything seems so effortlessly put together, and so cookie cutter . Management spent a fortune on paying themselves , but we're frugal with the plan . I have been here long enough to see it all and lose faith in this management, and there half baked plan . Almost 2 years now and it hasn't gotten any better . I agree they made inroads with agreements , but something is off. They spend a bunch on marketing, yet we have zero public reach , and Jay even admitted to being frugal with marketing. We have zero updates about our company and everything with the numbers is always a guessing game . It's so bad that even dummy Jay wilgar messes up all his numbers . Thiss leaves the question to be asked ....... Where is all this marketing money being spent ??? Why are you so vague on SO MANY DETAILS? its funny how we are undervalued according to some ,but it's the money that we sold equity and diluted to death that makes us undervalued . Our cash is what looks attractive lol our bs financial raise !!!!!?? This is the plan and team you all want to keep going ahead with ??? The same plan that nobody really cares to hear. The same plan that kept us hoping and praying for a miracle !!!! Im am for one sick of this assemble team , and if I could , I would vote YES . ..FOR ALL YOU AMATEURS WHO HAVE ZERO CLUE OBVIOUSLY , YOU CANNOT VOTE UNLESS YOU HAVE COMMON SHARES, WARRANTS DONT COUNT !!!!....for all you referring to a time with ACB and cannimed, those times have changed , they are no longer relevant . For example , there were once companies like abbattis and mattica who were worth a fortune too in this space ..... Where are they now ????...we are officially in a consolidation period , that DOES NOT MEAN YOU GET A PREMIUM. Hexo hip will actually have a real chance at carving a space out . hexo has 35 percent of Quebec on lock , and was not able to even supply them fully , same with the rest of Canada .. they actually have real demand , not like UP who sold peanuts in comparison to what they should have sold after their Huge Game plan to corner the " Canadian adult rec market "