GREY:SAYFF - Post by User
Comment by
TheHuckon Jul 03, 2019 10:26am
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Post# 29883030
RE:HIGH TEENS IS NEXT
RE:HIGH TEENS IS NEXTThey are blaming the TCSS merger for the price freefall. There was no lock up on the shares they gave them, which were at a massive premium relative to the book value of TCSS. The 250k at .25 is probably more investors from TCSS looking to dump another batch. From the SAFE perspective , they didn’t really care what they paid for TCSS since it’s just shares and the retail investors will be the ones that suffer. They wanted TCSS for their cannabis contacts. To date that seems to have given them very little in growth.
Its still an interesting company, but they haven’t signed up any new clients in months, the consulting business doesn’t seem to generate anyreal revenue, and the profit margins on secure transport aren’t amazing. Also have to wonder how long secure transport is needed. Need to see significant client growth ASAP. US expansion, while it sounds nice, is just going to be more overhead with more cheap shares. Not thrilled about a potential deal based on how they have negotiated previously.
Hate that I own this piece of garbage but it’s way too low to sell.