RE:RE:RE:'ANTICIPATION" from a Ceapro Private Placement Prospectus.Management didn't value the company at 1.06, the market did at one point in time (when the company was very profitable, growing, potential new revenue streams etc).
Agree that management was likely restricted in selling (not to mention how ridiculous it would be to pump the share price before a private placement then shortly after management sells their shares).
PGX most definately was widely known and promoted at the time. At that time it had more promise as one could believe that other companies were actually interested in the technology. Now they've had years to make a deal and so far no takers.
I don't know many of CZO's presentations from that time period are still available, but they were making it known that PGX would be the future of the company. Look at the Crystal Research report that CZO paid for from 2016, "PGX" is mentioned 145 times lol.
The valuation of the company with (or without) PGX is nowhere near 1.06 (see the current share price). The company used to actually make money and was growing revenue (with the potential of even greater revenue with the new capacity of the new plant). Now it's the exact opposite and the share price is reflecting current day reality rather than expectations of what today would be like from a few years ago.
trek01 wrote: Im glad someone brought up the private placement. The management basically valued the company at 1.06 at that time. The stock went up to well over 2. If someone is telling here all the time that mgmt didn't sell at that point, that I'd quite confidently say that they just couldn't sell because of their vesting periods. However at that time they seem to not really understand what is the pxg capable of doing and didn't really give much effort to explore it. They wert more focused on expanding the sales of the cosmetics and the new plant. I believe the valuation without the pgx is around the last private placement value. The company now seems to be focusing on pgx and it should be the driver for future. When sp meets the valuation is the question given the stupid exchange and a lot of retail money in pot stocks.