Wasn’t the ceo connected to the firm that did the original ?Not sure but thought someone had mentioned the ceo’s Previous company that he was involved in did the financing. I guess if you are not getting “paid”, there is always way to het compensated- I am asking this.
Either way - time for him to go after this complete comple $@#$ show. This is the most brutal deal. They just told investors they were good for capital and Norte again they are good for capital.
they just lost all credibility.
I was was a fan with the communication and hitting milestones but this is retarded
they have no clue.
their plan was to execute, get the price up, make some announcements around hemp production, beverages and other products for the fall and post another quaff growth.
But Noooooooooo, lets dilute dilute and pay some loan shark rates. Even if they had put a mortgage on, utilized their BMO debt or anything - this moves demonstrates incompetence or no bank will touch them due to their shady past, or they are complete idiots.
with all the places to put money - this was a kick in the face.