RE:Hawk...what did you like about the financials and NR?BarstoolSage wrote: As I have given you the benefit of the doubt in not throwing out the fledgling with the bathwater, tell me\us what you did like about the financials and accompanying NR. For example, the dedication of a senior staff member to the JV has to perk you up. You have doubted its viability\closing several times now.
I don't believe you are a pure basher...a SuperSkeptic might be a better label. From your posts I also believe you have a financial background.
So...enquiring minds want to know what you do like about SPR.
Barstool ... the only sage on here ...think I’ll wait for another quarter before buying shares if at all. Havent gone thru FS fully but selling price/gram of $9.82 in note 7 seems high given where OGI is ($5/g) and ACB is ($5.28/g). Still zero clarity on all pending items mentioned on board. The highlights and subsequent events in the release are largely old news with the added news of layoffs. More worrisome is some of the quotes in the MD&A:
pg14 “the Company’s focus is now be on the sale of flower” ... They sound so nervous they can’t even string a sentence together. So much for beverages and oils. Looks like just another LP, of which there are +200. This was a concern from the beginning … shift in focus is a red flag and hopefully not something more ominous.
pg14 “will continue to pursue other financing options” ... This is where broker coverage comes in handy but zero coverage now = zero support in the near term. And now they’ve given up security to an insider thereby restricting other potential sources of capital. IMO this all but kills any potential equity injection from MH but I could be wrong like I was on seeing a S&L with the quarter. Still an option I guess.
pg14 “management continues to explore various opportunities to reduce the operating costs” ...