Dazzle with brilliance vs baffle with BSMany claim that Cannistrips are gaining consumer approval. How do we know that and how big of a consumer base even knows of Cannistrips? How many Cannistrips have been sold so far? Does anyone know? 50? 100? 1,000? 5,000? I haven't read anywhere that any significant quantity has been sold. You can't claim consumer approval based on putting 10 or 15 packages in a booth at a festival and claiming they sold out. Or the same for a few stores. People will try anything. It's whether they come back and buy more. Is anyone buying more? Can we even produce more than samples? Do other producers have consumer loyalty already…and we don't? I mean the producers that are actually selling in volume to the retail shops. Do they already have the vertical integration? The sales teams? The delivery systems? The production? The sales? The profits? It seems they blew right by all the roadblocks while we seem to be stuck in the mud.
Again….LDS has been trying to get clinical trials going since early 2017. The reoccurring theme here is to claim to be on the verge of something big….but providing no results. Profits are the results! It's how you guage how you are doing. Is LDS taking care of shareholders? Did the Doctor ever get patent approval on the Cannistrips delivery system? Does anyone know? Who is providing retail shops with actual product? It's not LDS!...except maybe some insignificant quantities. How does that build brand and consumer loyalty? But then can we deliver any thing anyway? Our products are the best….right? And no one can compete with us on cost….right? Except we don't sell much of anything. And did someone say we are shelfing product because the pricing at the retail level is too low for us? That doesn't give the impression that we are the low cost producer...or that we can be competitive. The most money we seem to make is based on our ownership in TCAN.
And the AGM…..Can't wait to hear Brad's earth shattering updates. Let me guess….Brad will provide more song and dance about what we can do…or might do. But little about actual production and revenues and profits. Our biggest accomplishments involve spending money on building out our facilities and methods and systems. Brad is never bragging about the profits that are raising our sp. Can't wait to hear his earth shattering updates. He will most likely use the line of how they are focused on reducing the cost of their products with the efficiencies created from a complete vertical integration from genetics to final product. How they are busy building consumer acceptance and loyalty. Let me translate that….'We suck at producing anything and we can't compete with other producers right now and we are having issues with getting much of any product on retail shelves so instead of dazzling you all with brilliance I've decided to baffle you with BS. Well….vertical integration and consumer loyalty can be a reoccurring theme for years to come. And I guess there will always be investors that buy in. In the mean time Brad and the others give themselves big salaries and bonuses but shareholders get another year of nothing in the way of investment gains. But next quarter…and yea, next year will be great. Just imagine all the deals with growers…all the partnerships…all the seedlings waiting to become mature plants....the clinical trials...the pharma giants wanting to buy us... Yea….we've got it all….except profits. Lets build an outlet on the Highway. Will probably need another pp to fund it. Who cares about dilution. You don't do pp's because you are making so much profits.
Building out this company would be fine...but why are we so far behind those that are selling in volume...right now? Maybe we should focus on producing our low cost product and make profits.
I know....I'm just an uninformed investor. Or maybe I just keep hearing the same things for a year and a half. What LDS can do....what LDS will do. I would just like to be informed that we have achieved the same mandate that all businesses strive for.....PROFITS!!! Don't need all the other fluff updates. Just do what others are doing.....produce and sell....and then report profits. Most people understand this concept. Brad's got an unending list of reasons for not attaining profits. It's your job to change that. You had since I quit watching out of frustration a year ago. Still no profits. Oh....but they will come I guess. Same as last we were told last year.
All I ever hear is 'come back a year from now and see this money making machine'. That's what I did. I came back a year from last year to see the progress. All I get is vertical integration and consumer loyalty. Geezzz...there is no time limit associated with those. They can keep that line going forever. I understand profits. Not BS.
Badog