48North Cannabis Corp. V.NRTH

RE:RE:Been following this for awhile.

[greenalyst]

Appreciate the analysis which is balanced. Before everyone starts buying to average down and capitalize on the current SP I say again there is one MAJOR caveat.

The nature and quality of the 12k kgs has not been revealed. In fact it was deliberately stated that this remains unknown. Not only is that very peculiar, in the context of the drying debaucle and deception it is highly suspicious.

If in another month or at the next reporting (because they seem to wait until they 'have' to report) if they say only 4 of 12k kgs were shipped what happens then? Does the community say they still generated 10MM or does the SP go to zero?

I am waiting to find out. I need a HUGE SP recovery to limit my losses to what I just sold. Just don't think I can do anything else until this is clarified. 

ILIKETA wrote:

money8283 wrote:
 Harvest was a complete ball drop. This Caland chap buys and stock drops everytime. This is dead money for 9 months at least until the next harvest. Convince me otherwise. Baggies here, big time.

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.