RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:i’ll trust bmoJust a short version of cupcake bk, the soft, weak and bad for your health....groupthink of the dysfunctional and irrational, the trolls of the strong and the free that invest their hard earned green. Like a blight or a cancer.
After realizing the level of bullshite prattle it is just too much time wasted on the bottom feeders as it is so I just shortened it up, more of a time thing is all. JMHO...Opt
brentkosta wrote: Sorry opt, I couldnt translate your message. One thing I notice, tho. You use the word "cakes" a lot. Whats it mean?
OptGreen wrote: I see what it is now bk, fresh out of 'double nut' spy school...any sign of Jethro Bodine, or just the paintings on the wall? I forgot about watch and the rest of the cakes, you are definately in the deep state of bullshite now.
It is plenty clear on the value of this company when it is blessed with such a distinguished group of the Bodine alumni even watch....very good, I was beginning to worry when everthing is on track per guidance and we have the cakes and clowns like the mental dwarfs they keep asking 'are we there yet?...are we there yet?'
No we are not there yet read the guidance and we are right where we are suppose to be, but we will be there soon...now stop telling lies and spewing bullshite and keep on playing with yourselves and enjoy the ride, JMHO...Opt
brentkosta wrote: if insiders won't invest, why would anyone else lol. I can't think of any LP who has less insider holdings. Lots of awarded RSU's recently though. Upper mgmt isn't stupid, they won't risk their own capital with this sinking ship. They made a pile of money from earlier options, salaries, etc. They aren't about to give that back. But if somehow this gets turned around, they'll gladly cash in on those RSU's too.
supreme never garnered a lot of interest in the market, but insiders still knew how to get water from this stone
watchmeplz wrote:
In my opinion, Convert debt doesn't equate to 13+% nor does a promissary note, nor does a private placement. Oh wait, we all know why they didn't do any of these, it's because no one would loan on any of those terms or would want to. The last possible solution was asset debt and securing the whole facility, this is a Hail Mary last ditch effort move, not because it was favourable. Do you think the bank will let them finance another dollar? You think with the burn rate their not needing another financing? Don't tell me for a second, revenue is going to cover growth.
Go0B3r wrote: WhachtWaffles, if they went the other way than you guys would be all over how they are diluting at shareholder value. This was the right move, and shows how serious they are about the business. Why dilute with the cost of 13+% interest when you can get an equity loan from the bank for 5-6%?! Also the load was given on a construction basis, and is closer to the 40-50% of the value of 7Acres and assists they hold under their portfolio.
watchmeplz wrote: Imo, This isn't good at all. It's the last chance. If it was some easy to get financing why not convertible debt? Or just a simple loan, with not giving up your entire asset? Get a loan with no assets attached and just a promise note to pay it back, then I'm impressed. You think the bank doesn't have covenants to not allow anymore financing to take place without their authority? The bank loans on hard asset value, that's it. They don't care you have a plan to take over the world or not, they take the assets and make sure they are covered and loan the remaining value making sure they have little to no risk. They just sit back and make there cool 6%, I think we did the math how much this is costing shareholders before. Lol, I wonder how much is left to be drawn down on? Sounds expensive. Btw, welcome to the 40's nice new low, sounds like the market agrees with you guys and the loan was grrrreaattt!
Irie99 wrote: don't be naive. no bank is lending to cannabis companies on the very amenable terms fire received. bmo is savvy. yes the loan is backed by assets but that's exactly why this is undervalued. buy now and this is an easy double by this time next year once ontario gets off its duff.