TSXV:ELXR.H - Post by User
Comment by
BoardAddicton Apr 09, 2019 2:30am
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Post# 29600220
RE:RE:RE:RE:RE:must be sitting on a mound of inventory.
RE:RE:RE:RE:RE:must be sitting on a mound of inventory.My numbers can be confirmed by looking them up on Sedar.com. I make an honest effort to post accurate numbers with clarity. So to be clear, I did not insist on a 30% dividend. Read over that section again and if it’s still u clear I will explain further. I try to make posts brief and clear.
Not only is constructive criticism welcomed, it’s appreciated. In fact it’s the reason I post on here. I want to see all angles of companies. I just find some investors negatively biased about management which results with them leaving their blinders up.
I am not sure what management has done in the past nor am I too concerned. I prefer to invest my time into what they are doing now with this company and try and stay focused on the facts. For those of you unfamiliar with Sedar.com, you can find all on find all contracts signed by all parties on every deal made by LGC, as well as other information such as old news postings. So far I have seen LGC management create some strong negotiating terms with what appears to be honest efforts to benefit all parties, that’s why I am invested.
I’m not gonna lie, borrowing at 12% to loan out at 7% does look silly to me and it’s safe to assume to all common stock holders, private investors and I’m sure to LGC management themselves. I am still trying to wrap my head around this one, but all I can do at this point is settle on the reason I invested with them in the first place which I previously mentioned. This one is obviously a great question for management, has anyone received an answer for this? I don’t want to shadow this one over with optimism, but here it is; maybe they will answer soon with a news release? I feel safe to say that because I doubt management would have got this far if they didn’t realize this looked bad.
Im short on time so my reply to your bottom parapgraphs are as follows:
Do you have GCL’s financial reports to back up your personal opinions on what they can afford to do or not do?
Facts to as why they are most likely to do well: They have been growing rapidly and with successful crops; they are projected to produce 14,000kg of product in 2019 alone; and judging by the spike in stock price after the recent GCL news release they have confidence of LGC share holders, so future funding shouldn’t be an issue.
As mentioned in my latest post LGC’s contribution to this company via marketing, and potential for cross pollinating through other LGC investees will more than make up for LGC’s 5% dividend on net sales.
Sounds like you have no evidence that GLC isn’t meeting their licenced requirements, this is where it sounds like you have your blinders on again. It’s a George Foreman guarantee that 30% investment by LGC was calculated into the licenced deal, as LGC was needed for their start up and it was clearly stated in the contract.
You go on to mention LGC posting fake news, get a hold of yourself. At this point you completely lost it. You are the only one posting fake news at this point, blinders are full force and you are scrambling hard. - moving on.