RE:What would you propose management do?agreed pretty much a go nowhere stock price wise for a few years ;; no money ro be made here till xly is paid out or bought out ;;
juneau103 wrote: POT is way off, interest is no longer there, this is a small town operation, somewhat controled by XLY!
I think they have limited options, even a stock promoter would have a tough time moving this. Once he starts making calls and people start to see 100M shares out, a small operation ( they have put out guidance on their grow ). From there you can do your own math. The building will facilitate paying wages for those that work there
and will be minimally profitable, if at all.
I own a lot of stock now as well. here is my play, I suspect, if you have patience and time ( in that order ), this will be a take over target, thats the play.
If they want to expand the facility, where is the money coming from, and how much dilution for such a small grow op?
Half way between Richmond BC and White Rock BC, Cannopy have a 3,000,000 sq ft
indoor grow op ( in production as we speak ). How do we compete? There is already far to much flower, and as more and more come to market, prices are going to explode, to the DOWN side. There is still talk of a 750,000 sq ft facility in OK Falls...
J 103 could be a target for a take over, thats the hope and prayer so managment can be extracted, just like flower is. Pretty hard to forgive them for selling 90% of their paper to a buck! They had the knowledge that this day was coming, perhpas they can uuncross thier hands in their website pictures......( looks terrible )