RE:CEO not happy for sureThat is a very interesting post. One thing that has been said about the executives is that they treat it like a private company. Which could be good or bad depending on your objectives. If you are looking for quick capital gains based on short term results or news releases then this probably isn't the stock for you. Most executives are rewarded based on short term quarterly metrics. This means they may incur expenses that are not efficient or mortgage the company's future to show short term results and keep shareholders happy so they get their bonus. On the other hand if directors are major shareholders then the benefit of long term profits and dividends outweigh the short term optics. They will often trade short term results for long term success. Most cannibis investors have very short term expectations. They get bored of this stock because they dont make 25% in 2 weeks. However a few of us here see the long term vision and will bet on the long game.
lovingstocks23 wrote: Guys let’s put asside all the negative points of THC (which we all know what they are) and lets look at the ceo’s net worth with his shares.
Last year when it hit $3 per share his net worth was 23.3M shares x $3 = 69.9M so almost $70 million
Now his net worth is 23.3M x $0.2350 = $5.4 million
So in one year the CEO went from being worth $70M to $5.4M.
No matter how much of an arrogant douche he can be as you all point out with good reason, there’s no way he’s happy with the current share price.
So either he’s confident the share price will go back up, or he just doesn’t care and accepts losing $65 million. And I highly doubt he accepts that.
Anyway just something to reflect on.