GREY:XEBEQ - Post by User
Comment by
kindvalueon Nov 28, 2019 12:50am
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Post# 30400910
RE:RE:GREENLANE (GRN) "THE NEXT XEBEC" !!
RE:RE:GREENLANE (GRN) "THE NEXT XEBEC" !!mgmt and a large shareholder of XBC own most of the wts
and CEO of GRN doesnt get paid $500k (XBC CEO has done a fantastic job) but that is typical comp of biotech not an industrial company. Quebec. I am long both but i wish people would inquire about that salary. 1/10 th of the valuation. I see XBC higher in the long term but this recent rally is getting stretched. Hopefully a BOO contract will take it higher but they have guided that the first contract will not have the economics of future. Could point on the GRN wts we will see but that cash would nullify the need for another raise and the biggest challenge for GRN is why XBC has really moved - mkt cap and liquidity brings bigger money. Nice to get in before that transition as opposed to after - the one advantage of being a smaller investor. If GRN get touted by Mcwhirter like he did on XBC at 0.60 watch out. Matter of time someone sheds some light but my guess is after a contract or two is announced. This space is too large, good to own a few names.