RE:RE:I emailed investor relations about the size of their staff I hear what you're saying mikeul6901 but what i am about to say is real. I am not simply a basher hoping for a huge price drop. The price drop is probably going to happen anyway. As the days go by it is becomming more and more evident that this company has been mismanaged almost to the point of running it right into the ground. Months ago i was watching and questioning the questionable extreme ramp up in operations (hiring of too many staff) without proven sales, and i am no CEO. Many investors were blinded by that supply deal with Quebec, which wasn't even a for sure money in the bank deal, as many were treating it, lol.
Soon as they purchased HIP they should have begun trimming staff, soon as they realized (months ago) that product was not flying off the shelves they should have pulled back on hiring. Doesn't take a rocket scientist to figure that out, yet here we are with financials so bad that they keep putting them off from showing to the public. And they are taking extreme measures now before revealing the highly expected dismal numbers.
Unfotunately, at this point in time, and continuing on with this same managment team, the bet on Hexo will be whether or not they go bankrupt. If they do well, and bounce back, the SP has HUGE upside, however, if they crash and burn, we could be looking at t bankruptcy or another LP might swoop in and acquire HEXO for bargain basement price.
Lowering of their price was brilliant, and trimming of the staff was long overdue, and may even need additional staff trimmed to bring expenses more in line with revenue. And i am sure there are other tools at the CEO's and management team's disposal, but are they bright enough to know how to use them. That right there is what we are betting on when we invest into HEXO, and unfortunately, IMHO, HEXO's track record is not very good.
Again, IMHO, SSL should just admit defeat, fall on his sword, take his 8% retirement fund, pass the reigns to a more seasoned, provent and humbled CEO, continue on with trimming staff, replace any deadwood on the board and management team, then go to work. And in the future, be mindful of spending instead of the drunken sailor method. Sorry all, but this is just my opinion. I am sure there are others with their head in the clouds continually touting SSL can do no wrong, and that he is the almighty, etc. , but c'mon, get back to reality dude.
When the numbers come out keep a close eye on how much cash on hand they have, including the amount just raised. That, among other metrics, is going to tell part of the story, with regard to successfully moving ahead. Anyway, all just my opinion based upon publically available information, and good luck to all.