OTCQX:NXGWF - Post by User
Post by
ashcakeon Jun 25, 2019 1:35pm
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Post# 29861200
Explanation for sell -off
Explanation for sell -offA seemingly endless series of dilutive down rounds since SDC acquisition...
Shares were issued to the constructtion company in lieu of cash for work at higher implied value likley adding presssure as that company tries to sell and recover its costs
Wait and see for success of first crop... est time ot harvest August / Sept
Confusion over SDC assets / revenues applyinmg to NGW. Question if this was a good purchase?
No idea if their brand ambassador approach will translate into sales and brand loyalty among consumers
Lack of promotion...I wouldn't expect we'll see any until first crop is getting processed and branded products rolled out
Insiders have sold through 3rd party derivative and no recent buying at all at these "bargain prices"
Until the new crop is ready, new promotion starts and insiders are buying again we're not moving up.
I'd try and find a production partner in California that has cash and is looking to expand and merge...move forward