1933 Industries Inc C.TGIF

RE:Losses and only 9M in cash.

[Edt1313]

That 9 mil is more like 2 now bad event coming.

MortgageFree wrote:

Revenues are not the greatest and losses are a concern right now. Have much can losses come down for them to break even. Planet 13 80% of sales came from tourism and now its 0%. TGIF is building inventory now because the sales are not there. There is also more competition and companies with licenses to deliver product from online purchases will do much better than ones that don't. If 1933 ends up burning through that 9M what is next? Look what Aurora just did. 1933 could become very diluted just like Aurora. 1933 has almost 300M shares outstanding and a private placement at these levels would put them in the Aurora category of dilution.  They would have to do what Aurora just did and that's not a great situation neither. I really hope that 1933 can come out of this ok but the other facilities are on hold now and more money is still needed to complete those also. revenues are not really going up for awhile and losses need  to come down to 1.5M-2M fast. I see that Bam is mentioned a lot here.  Just my take, they are way less diluted and have no debt. They also received a license to deliver product and 1933's licences are still pending so they can not take advantage of all the deliveries to people's doors like BAM. Bam just opened up their own dispensary and can afford to dilute if needed a lot more than 1933. I like 1933 more but with no tourism they could be in big trouble if this goes on too long.