RE:RE:RE:RE:Darren Bondar; Something to ponder. Toohip. For one, follow the storybook. Only recently did half of these companies start to fall apart with all the past allegations ringing true. ie Ianthus, and recently Wayland finally selling the 250 million business for 12 million (all of which going to secured lenders and DIP financer). Thus causing me to go back on the DD. And its factual evidence? I've been posting here for 3 years. Just because I suddenly did DD into the prospectus and called out the shady ceo move doesnt suggest anything at all. Theres nowhere near enough liquidity here to be worth shorting, as well as risky. Not only that, but I am very vocal about the companies moves good or bad. I applauded them for divesting Watch it!, even though it was a GIANT waste of capital from the get go, it was a good move to divest it. I praised them for the expansion into NL, as well as getting municipal approval for the stores in Ontario. I was VERY upset with them for issuing stock incentives last (October was it?) at the 52 week low. I call em as I see em, and I didnt see this until a few days ago, when I left the communist facebook group. LMFAO.
And for two. You literally admit to daytrading this, and flipping the stock, and have suddenly shifted 180 degrees from calling this a scam company DAILY, to pumping, and saying you were only saying that (FOR THE LAST 3 YEARS) to get cheap shares. And now you want us all to set our sell orders to 3 dollars? So you can flip with less interference cause the volume here per usual is only around $10 - 15k? Does that make it easier for your wishy washy daytrading?
And Ron, this is not remotely something to be concerned about? What planet are you living on? This is very concerning, that the companies CEO places his own interests first before that of the shareholders. He literally took money from Inner Spirit, to buy his old companies that were on the verge of bankrupsy (like literally filing for creditor protection) for NO REASON OR BENEFIT other than to pay back the money he would have otherwise lost there. If you dont think 27 million shares less on the float and an additional 500k on the books here is majorly beneficial to this company than ill be the first to call you a bad investor. And they're proving this is a winner? How? I like the prospects here, I like the franchise model, but this race is far from over. They're making the same ammount of money Namaste was making 3 years ago with a handful of websites selling other peoples pipes and glassware. System wide sales dont ammount to anything but show. Municipal approvals dont equate to licenses, and though its nice to get the steps in motion, will be awhile for things to come to fruition, especially in this environment. They have yet to close the deal to buy the Kingston store, and I would have to imagine thats going to eat up alot of that 5.1m in cash and cash equivalents. Gee, an extra 500k and not losing millions in operating costs for his shell game would have come in handy for this very thing. So yea... It is a bit of a bombshell. Will it bite the company in the a$$, thats yet to be seen. Is there still a huge ammount of upside to the current shareprice. Big time.
I mean frankly. Until someone can justify what WATCH IT! saved Inner spirit from having to do, so that we may put a tangible number on it, I'm of the belief that more money has likely gone into Watch it in legal fee's, the Bondar loan, operating costs, and aquisition costs than what's been poured into Inner Spirit. That should bother every Inner Spirit shareholder that didnt benefit directly from playing white knight to a dying watch repair company.
Is it new news. No. Have the true numbers ever been discussed like this? No. Because that type of thing is not allowed on facebook, nor has anyone ever provided them until now.
And ironically the old bashers are now the ones trying to defend the shareprice, while the company (suspiciously) is now trending up after a management and insider trading black out. Otherwise known as a failure to file cease trade order. While our financials get processed.
You dont think any of that is the least bit un-ethical or suspect in the very least? Or are we going to do the usual and chalk it up to 'the market doesnt make sense'?