GREY:IVITF - Post by User
Comment by
fmab011on Jul 17, 2019 10:32am
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Post# 29929302
RE:RE:Bottom
RE:RE:BottomWhat do you know that we don't? Please share your optimism about how one man will turn this ship around? There are NO weed companies making money at this stage.
Perhaps Trevor should have been named CEO a fter Kriznic was dismissed and put in advisory role.
ALL marijuana stocks are very risky and there is absolutely no one that can predict where the sector is headed. We do know that recreational sales are a joke and the bright lights are focused on the export market. Remember, Trevor Dixon founded Acreage Pharms near Edson, Ab back in 2013 and wisely sold out to Invictus.
When the original CEO, Dan Kriznic, was tanked and given an advisory role, Dixon should have been named the new boss. Instead, the board chose Kveton and Dixon resigned.
Obviously a lot of internal in fighting regarding the direction or lack of direction within the board room.
Trevor is running the day to day and I hope he has a healthy heart. He got in there and immediately started making changes. However, there remains way to many red flags at this time. Hopefully we get some answers at shareholders meeting.
The volume of trades in all markets decreases in July and August but the volume of exchanged shares of GENE is very very low.
The BS with Canntrust has retail investors disgusted and people are starting to wonder about other LP's who might be playing. The credibility of the industry just took a massive hit in Canada.
As a Western Canadian investor, I'm pulling for Invictus to come through but the company needs to come clean at the shareholders meeting. Dixon needs to say something that we can actually believe and give us the real time frame for the completion of Phase 3 in Peers. This is HUGE. Right now, the company is bleeding badly and it's going to take way more than just cheap talk to give it some credibility.
IMO, the best bet is for TD to get us all the best possible deal for the company.
Simmons has done NOTHING for the stupid amount of money and shares he was given. For credibility reasons, he should be fired NOW. He's absolutely useless to Invictus.
All the best Trevor......work some magic and get some deals.