OTCPK:SPLID - Post by User
Comment by
geodcanon Aug 05, 2019 1:35pm
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Post# 29995022
RE:RE:Financially, they aren't
RE:RE:Financially, they aren'tI see dilution and increase in sharefloat. Shareholders pay for that. It is about cash burn and return on investment as well as how possible new investors percieve our execution. It is hard to guage what good things are happeing for EAT in California unless you compare to other companies in the same business who seem to be marketing their products and increasing consumer interest which is what I watch for.
EAT has been at it for awhile now and our shareholders aren't seeing much future value, judging from our shareprice. EAT had a good idea at the beginning to do edibles and then wandered off the track. Piggybacking on everybody else's success has me looking at who is doing the real lifting, and wanting to move my investment over there.
We still have a listing, some quality oil, a half dozen product lines and the hope that somebody that wants to move a little quicker, will rush in waving cash. Barring that, we could still get the US greenrush lift when the Feds get on the same page as the States.
As far as Colorado, it seems that we are crawling our way out of the shytpile endrun that management tryed to pull off in regards to residency, which rankled of the same stench as CannTrust management got caught on.
glta and dyodd