RE:RE:Pierre Caland bought 331,000 shares on November 26 , 2019Joham13 wrote: Catching a falling Knife more like it. He's been buying since way over a dollar per share. Poor guy.
I took my losses in this POS of a horribly run company put it into WMD the true leader of the outdoor.
I just wish people would be a bit more balanced with their points.
There are many major pros to this company and a few major cons.
But this I totally believe. This is not the falling-knife scenario of many other companies with a chart that looks like 48Norths. Regardless of the incredible screw up that 48North made with the outdoor harvest and the almost more incredible screw up Alison made by hiding it, THIS COMPANY STILL HAS
~$90M PLUS IN ASSETS ALONE!!! WITH A MARKET CAP OF
$60M!!!!
| | | | Current Market Cap |
| Weighted average number of common shares outstanding (Diluted) | 173,221,000 | $ 0.35 | $ 60,627,350.00 |
| Total assets | $ 99,237,470.00 | (includes Cash and cash equivalents $40,392,298, Biological assets $10,697,201, Inventory $6,726,177, Property, plant and equipment, net $23,008,840, etc) |
| Total liabilities | $ 8,332,257.00 | |
| Total shareholders’ equity | $ 90,905,213.00 | |
This is NOT comparable to a company that is about to go under, especially with the potential sales of $36M coming from the 12K kgs alone.
Balance and facts people!!
Based on the numbers, this will not be down at this level for long
in my opinion.