RE:Hate to be a wet rag....I also hate to be a wet rag Stockbull, no the growers are not dimwits....which then begs the question..why no contracts in 6 months? Many of you are hyped about Oct. 17, yet Grow has been very active in the U.S. inthe mj industry.....why no additional contracts in the U.S. in six months?
We have an annual burn rate from operations of $1 mil and we have $1 mil in the bank. I think perhaps mgmt is hoping for some contracts, which will move the sp before they do a financing. However a financing at say .40 will probably cause a retracement to what sp? Unless there is a super positive explosion in revenue we are probably sitting on dead money for sometime and the sp could continue to slip. I think the risk return paradigm is shifting on us. We all have our own investment strategy, but IMHO we could be moving to shaky ground if things don’t switch by the end of the Fall.