GREY:NEPTF - Post by User
Comment by
Intuitx2on Nov 11, 2019 10:47pm
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Post# 30337903
RE:I wonder, did NEPT talk to places like Walmart, Kroger,
RE:I wonder, did NEPT talk to places like Walmart, Kroger, This is why I think Jim Hamilton, former CEO, decided to leave NEPT because he did not agree with the retail strategy seeing it as too risky and diverting the company away from it's core comptency of being a world leading extractor. I recall Jim mentioning during one of the video interviews on Midas Letters after the SugarLeaf deal was announced and when questioned about what they would be doing with Forest Remedies, Jim replied something to the effect, that's still being looked at....but at the time Jim alway stressed NEPT was a B2B company with white label, turn key solutions and I think Moretz might have been the one pushing for a retail B2C strategy because of the huge mark up per Kg from bulk extract to selling a container of balm with 25mg of CBD and seeing the huge profit margins involved....did greed over take common sense....did Jim Hamilton leave because of that and Moretz brings in the new "yes boy" CEO Mike? That's what I'm seeing and I think this new CEO is going to fk things up and it's already been shown by not ramping up to 200,000 Kg ethanol when it was approved back in June 2019 and then missing another deadline by 30 days.
Compared to the astuteness and caliber of Jim Hamiltion, I see the existing CEO as an idiot.
I hope the idiot proves me wrong, but the facts so far tell me otherwise with key execution dates and opportunities in extraction missed.