GREY:JWCAF - Post by User
Comment by
HaulJockeyon Oct 06, 2019 10:04am
147 Views
Post# 30200914
RE:$4 million dollar loan!
RE:$4 million dollar loan!This deal stinks of the stuff Bridgemark is made of. Trichome, REALLY? If management are such good buddies with Canopy Rivers/Canopy Growth, why couldn't they get some kind of advance from them? It's only 4 million, that's coffee money for Canopy. Trichome? REALLY!? So sticky once you get it on you it's hard to get off Trichome sticky?
This is the end of this stock in my opinion. Any headway they've made will now evaporate into huge interest payments and further dilution of the stock.
Take away everything that is rented or leased and what do you have left? Plastic buckets and hoses, some PVC framing and a bunch of employee's reading a notice on the door.
They're using up any projected profit so fast that the shareholders will never see it. The only people that will still make good money with this company in my opinion is the landlord getting 2 million a year, the leasing companies for all the equipment including vehicles, AC units etc., top management with huge saleries and golden deals, and the lenders that have a no risk high interest deal.
In my opinion, any profit from their grows will be bled off before we see any value added increase to the stock. My guess is they will continue for a couple more years with the stock dragging along with continued dilution, bad deals and more debt before it finally shutters it's doors.
Hope I'm wrong but.....