RE:RE:RE:RE:RE:Warrant updateOKay, this I can work with Brent...
So from what I'm reading between the lines here, you see the acquisition of BlissCo and Truevera a huge money draw. Truevera I'm uncertain about just yet, but I'm sure the story behind that company will come to pass once GMP certification comes to fruition for BlissCO and MG Health.
Supreme currently employs ~600 people in order to run the operation. I don't see them needing to hire more, and for all we know Moore might even drop those numbers a little, since he's a CPG expert(speculation) focused on efficiancies. Blissco is a very small company with a big capacity for production, because of the nature of their facility(look at extraction peers for examples). If you look into extracts and the process, you'll see man power isn't something they need there. Do your research, one cook with the right equipment could yeild huge amounts of extracts per day. The end product(unlike flower) is easy to package because it's a viscus liquid type of bottling product. It's mostly all automated and very fast. Also from what I remember BlissCO had almost $10mm in the bank before we took them over. So I am thinking that the rest of the build out on their processing facility is covered. I don't see this side of the business needing a nearly doubling in current expenditure to run at full capacity.
Would like to hear why you think it does?... Outside of "I may have read it somewhere", hearsay is of no use in this market.
I could care less about your posting history BK, nor do I care if you're short, long or just here to keep track of this company. But debating peoples points with completely different points is rib poking. This is the closest thing to a conversation I've had or seen with you on here. I'll welcome more of it...
brentkosta wrote: Green: As long as we agree an analyst has reported this and not just me.
Red: Great, you have a theory. You are entitled to that.
Purple: So the blissco and truvera scale up and operations will be cash flow positive? Really? There isnt one company in the industry who generates profit (outside of adjusted ebitda) but you think these two companies months away from insolvency will... because Supreme bought them? Not likely.
Blue: I have no desire to debate with you. You are incapable of seeing my perspective. Thats kind of the theme around here. Peope not willing to see anothers perspective. And if you wish to blame me of this fine, however, if you remember I was once a bull and very much shared your perspective. I have since changed that perspective since the company has failed on nearly every metric EXCEPT their premium weed reputation.
Grey: Sorry I dont live up to your expectation on testicular and intellectual fortitude.
Yellow: THis isnt a spur of the moment thing for me. I've been calling out this company for over 6 months. And perma-bulls have not liked that. Fortunately for me, I was right in my judgements. Fortunately for me I dont care about perma-bulls not agreeing with my sentiment. You are all free to block me.
If you want a real conversation about the goods and bads i'll have it. I do like these oversold levels as a trade, but I still cant submit that this company is now on the right track. Fool me once shame on you, fool me twice... you get it. There is not one bull on this board who has offered any reason as to why this company is worth more than its trading at now, except on managements promises that have always been broken to date. So its your prerogative to continue to trust the hand that steals from you.
Go0B3r wrote: I'll gladly call BS on this, as there was a report out a while back from an Analyst saying exactly what you are saying. $120mm to break even, but I've seen analysts get things wrong in this sector with almost every report. It's hard to be accurate when your knowledge of the industry is coming from a hearsay perspective.
I expect that number to be much lower, and I suspect you're just channelling that report in your posts on here.
They would have to almost double their current burn rates to reach $120+mm a year and I don't see it happening from these levels. The reason I asked for the math was so we could have a good debate on the criteria you're using and the numbers you're inflating looking forward. As a numbers man, I would have enjoyed that very much... But that would take balls, brains and would actually mean you're up for having a decent conversation about this company and it's forward looking statements coming from the "Longs", or as you like to call them "Pumpers".
Instead you choose to remind people about whatever negative aspect of the company that tickles your fancy in this moment.. Which reminds me...
brentkosta wrote: Go0B3r wrote: Your warranty has expired Brent... I'm still waiting to hear where you get the "~$120mm" from bud, and so do people on this board. Show your napkin math!
do your own math goober. If you havent done it, you shouldnt be investing. Its called DD. We all do it. Some better than others. I cant guarantee my numbers, but I am willing to bet that my cash flow positive threshold is pretty damn close.
Maybe these are the reasons I make money on the market and you dont? hmmm