GREY:FIORF - Post by User
Post by
Toweringmarson Apr 24, 2019 3:57pm
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Post# 29665974
Oh Great!!
Oh Great!!So they dilute shareholders $250,000 worth of shares. They pay a $250,000 deposit. And need to pay another $750,000 in cash, all for what? A late stage license application? (who knows they don't say wtf budz4you is). Then, if awarded, will need to pay a 5% royalty on gross profits? So we'll then build a site with someone else's money, on someone else's property, and if LIHT hasn't repaid the 81 million to the corp they can only get at best 20% of the profit, which lets be clear we cant even pay Veritas the 1 million loan back and would sooner pay to fight it in court, so theres no fking way they can pay that back in any reasonable time. So ALL of that to retain 15% of profit. Story of this company, cant get one project done before starting a million other things. Buy the Washington site to sell it a month later. This dumpster fire is only getting bigger. CEO wont even discuss the internal BCSC investigation through email "best to call me to discuss"... Ah, cause its so bad he doesn't want to put it in writing. But hey... at least we changed the name to LIHT to sound more professional and not like the murky company of past. And at least the current management team is stepping down to get paid as consultants cause they couldn't get anything more than a 10k fart facility up and running. Best pay them though, cause we all deserve participation awards.