TSXV:RTI.H - Post by User
Comment by
bbuddwisserr104on Mar 09, 2020 12:50pm
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Post# 30783848
RE:RE:RE:RE:cronos altria
RE:RE:RE:RE:cronos altriaDamasta wrote: I think they are going to bankrupt the company before they come close to making a profit. They have set it up for 2238501 Alberta Ltd to walk away with the assets and leave the shareholders with only the debt. They used the buildout money that they raised to buy biomass at ridiculous high prices and now have to borrow from shylocks to build capacity that they will never be able to use before going broke. Meanwhile they will lose $5 million per quarter processing expensive biomass and this excludes debt payments. When the unmanageable debt payments kick in they will go down fast. If they are going to be transparent (like you say) ask them when they will turn a profit and how do they intend cover all the debt payments in the meantime. You are going to be told a great BIG pile of doo doo. Otherwise ask them to make their strategy public to ALL shareholders without hiding behind made up regulation BS. This entire situation appears orchestrated and highly corrupt. The company is surely not investable UNTIL they clear all this up. They won't have answers.... will they??? or to to avoid a hostile takeover scretive bunch for sure do to nda 's and you don't need to know dealing with cronos nothing wrong with that acb is medical cronos well rec i guess and the cpacity of rti will be huge in a year so dealing with a well funded company like cronos is good for us What you don't own the building or equipment what a poison bill