RE:RE:Creditors protection
Patrick12 wrote: Wow. Your stupidity made me speechless. Are you saying it is time to buy stocks of a company which is under a creditor protection? If MP is smart enough, PG wouldn't have been in this situation. Do it with your own money. Just don't spread your stupidity. You are right on one thing. Q1 financials will be slightly better. No revenue is given. You will see salary expenses will be lower because they laid off most of employees. Good luck with a company with no employees, no cash, no inventory available for sales...
I agree with you on most things. A company under credit protection is a very very very high risk of investment.
But they will have inventory mid april when they have first harvest. It is unclear how many KG, is it one or two rooms?
The plants look great though and they have extraction inhouse, so if there is demand for CBD products, which I think there is, they will sell a good quality product soon.
But is it enough to stay alive? That's the million dollar question right now.
Other questions that are important, also regarding Covid-19: 1. Is Great Canadian Hemp Company launch H1 international export still on schedule?
2. Is China on schedule? Think not but okay, would like to know
3. Is there vertical farming going on, yes or no? Malay did not respond questions on Twitter regarding this matter, so I have strong doubts about it.
4. What happened to last financing? That was enough for short-term liquidity right? Apparantly not, but what did they not tell us? Got Malay a big bonus or?
5. What about white-label deals? Malay told us there was a lot of animo for it.. We haven't seen any deals since.
6. How trustworthy is Scott Langile? He f*cked up big time at Wayland and that was not his first time if I recall. Now he is in charge for financings and mergers.........
7. I can go on like this for a while