RE:Having Fun Welcome Stetson
For those of us here for the last year, we have seen many speculative posts that have made wild predictions, so I hear you.
A few thoughts on your post
Stetson
"Posters here on this site are posting that the stock is going to go to where? Why should I not also post some nonsense like how about .01 or .005 or .002 or even .000001.
Fact, these posters don't know S. H. I. T. they all are making statements of self fulfilling profficies, or of self determined ideas, all being formulated in their parents basements."
To a degree, I agree, but several have made objective attempts to value the company
My valuation draft was posted a year ago. Valuation bands were constructed at the top of .8-1, and these were tested. The low value of .05-.1 is also based on the balance sheet
Stetson
"Anyone broadcasting we need leadership now or thast the company is falling apart is really working hard at trying to obtain your shares. "
The leadership has admitted publically that they were cowboys
They have missed almost every endpoint they set, and I and many they have failed to deliver. The leadership has changed multiple times, and frankly, they seem to be lacking focus, buying into multiple unproven businesses, including one that failed<Aux), and one that went insolvent(Pharmastrip)
Stetson
"People here is a small reminder of reality. It is the first time HUGE is selling medicial marijauna, The price per gram is not $3.00 of what posters here have been stating. People on the street are paying $5.00 to $6.00 for back yard stuff. What are these posters trying to sell you on. HUGE / FSD is actually selling at $7.00 to $10.00 plus shipping and taxes. Because of this lower prices offered being offered this past week the Medical client base over one week of sales has been increasing daily.
Read more at https://stockhouse.com/companies/bullboard?symbol=c.huge&postid=30044094#1bMPqxsxwZLA3VZF.99"
There is a huge difference from street sales, retail sales, net producttion cost , and Realized sale price, FSD has acknowledged a sale price of 2-3.50 on the SEDAR documents. In Thier words
"Selling price per gram * $1.50 - $3.50
Increase or decrease of $1 per gram
75,430 - Average yield per plant ** 45 - 220 grams Increase or decrease by 5 grams per plant
5,168
-
* Selling price per gram is based on average selling prices for the period. ** Average yield per plant includes yields for new facilities that recently started production.
The Company’s estimates are, by their nature, subject to change and differences from the anticipated yield will be reflected in the gain or loss on biological assets in future periods. As at March 31 2019, the biological assets were on average 30% complete. During the three months ended March 31 2019, the Company’s biological assets produced 75,430 grams of dried cannabis. As at March 31 2019, it was expected that the Company’s biological assets would yield approximately 219,000 grams of cannabis when harvested."
Source SEDAR.com
Stetson
"The vaults are filled with past harvests, based on others have seen it and reported it being there. But we have others on this site who absolutly know nothing will tell you no.
A sedar report which was written for FSD could not include those harvested products because of no sales licence at the time of that report. But it is now clear that they are selling those products. Like now Cannatrust has had to remove 51 million dollars worth of harvested inventory and they can now not report it as an asset, and more may have to be destroyed."
The sedar report In fact did acknowledge loss of product in the order of 145,000 and detailed under note9
(Sedar.com)