MadJack1 wrote: I’ll respectfully disagree that we aren’t being misled to a degree. The ‘licensing’ and all its associated parts has never been broken out like it was yesterday and that is over the course of a year at this point. They have also indicated
here that the electrical inspection was done and a building inspection was to be undertaken a week later (first paragraph of the April 2
nd news release). The Devil is in the details I suppose as yesterday’s release had items that still precede the building inspection (fire inspection).
I think it is fair to say most people watching this with any interest would say that we have been given the impression they are close to having everything in place. Up until yesterday we were all talking about 2 weeks and this done with various headlines saying Tinley closing in on LBF licensing. Saying you are packing up your temp facility and planning on moving it because you are close to full licensing at LB would count as misleading in my opinion based on the number of things left to do by my count it was 4.
You can point to political components causing a slowdown and a global pandemic as justification for the overall process taking longer and you’ll get no argument from me one bit. I fully appreciate those aspects. That being said you can’t tell me for a second that they don’t have everything required to get long beach fully licensed in either a project plan with milestone achievements or at minimum a checklist. What would have been the harm in sharing those requirements in full with shareholders at the beginning or even in the middle as government requirements changed if they ever actually did (some have speculated).
The shareholders have been strung along in my opinion for over a year with a trickle of news saying that we are getting closer to the facility being ready to go (
Your words, we are inching forward, not backward). I know we are in unchartered waters here, but we are in those waters without all the details of what we are swimming with if you catch my drift. Some would argue this is a moot point in the grand scheme of things and that is debatable given people have decisions to make with their hard earned money and having a management team not be able to provide concrete details about a process most of us have no experience in is dropping the ball on the investor relations front. Having details is at the core of making any good business decision or in our cases personal financial decisions. For example, I could have sold this at 60 and re-purchased at 20, I could have offloaded some at tax time, I had options but didn’t have all the necessary information to make an informed choice and I’m upset about that as I’ve been a bag holder on this for close to 8 months.
Sure, you could argue that we don’t need to be spoon fed details, but you have your comforts and I have mine. As my old man used to say: “It takes all kinds to make the world go round”. No need to throw out the ‘sell your shares’ at this point either.
I’ll address your comments about start-up companies and a portfolio of other holdings, so you have an appreciation for my situation and understand I’m not living in my mom’s basement, I own the basement.
I own a house and two other properties, I have $20K invested in US based blue chip stock, $10k invested in a global growth portfolio, $25K in Blackrock index funds (couch potato), $25k in these tickers (ENB, IPL, TRP, CM, TD, BNS, SJR.B, T, ITP, GWO, PZA, AW, EIF) and about $20k in these (TNY/LHS). I’m managing expectations just fine or at least I think I am. I have been watching painfully at times since October 2016 and the paint is nowhere near dry yet but I sure as hell don’t need to come onto the board everyday like TNY is my last hope. That’s doesn’t mean I can’t call them out when I don’t agree with how they are conducting business or disseminating information.
Am I responsible for my disappointment, doubtful? My disappointment lies in a couple of things:
- Lack of ‘up front’ information to make informed choices
- Management continually missing their guidance
- Accounting practices
On another note you talk about managing expectations…what they did the other day with the after hours news release indicating the 45 day extension was a jack@$$ move and if they gave a $hit they totally could have put that out at the beginning of the week to
manage expectations. They had approximately 104 days prior to the COVID-19 crisis in order to gather information and sighting someone being sick is questionable at best. But my anger isn’t what was in the release but rather the choice of timing. IE: They had the ‘opportunity’ to do it properly as far as the timing of the release and they fu3ked up. Investor Relations is the little things that cultivate trust.
If you truly believe this company is being ‘fully’ transparent, honest and moving forward you have every right to your opinion but don’t trash everyone would comes along that doesn’t share it. At a minimum read the facts before launching into your typical mo.
We have done multiple private placements over the course of a number of years, all of which are necessary evils, are you accurate in saying people live to complain and grumble even if the price was above $1, possible given we hit $2 on nothing and are closer to being the only company with a low tax Cannabis manufacturing facility in one of the larger shipping ports in the world were the population density is extreme and we neighbor a state with the largest tourist population inbound in the world maybe only second to NYC. You said yourself don’t be surprised when we get the license that the price point blows past $1 and I fully agree with that assessment. I don’t believe the license is baked into the current share price.
On the Maser and Gilles front, I appreciate the team, I understand they have both made open market purchases of TNY stock, which makes it easier for me to be invested because I know they have skin in the game. They both have additional incentives, some of which are closing in faster than we all can appreciate. IE: Time flies when you are having fun!
As far as taking the news for what it is, oddly enough the latest is fluff in my opinion, which is something some on here seem to think these guys/girls don’t do much of. Funny how that works. Some I believe called it ‘damage control’.
In conclusion to this mile-long post, I’ll just say I have watched you attack people on the EAT and TNY boards for about 3 years and change, myself included. The most notable time was when I pointed out the fact Bruce Linton was not a good CEO while he was at Canopy Growth. I still stand by that assessment. You are quick to jump on people who have a different viewpoint then you and there are times I have honestly wondered what’s your end game by doing that. You talk down to people and write as though you are better than the average person, it is undeniable by how you write. I can only imagine a face to face conversation and at times am reminded of Mr. Trump’s arrogant face. Anyways, this isn’t to pick a fight because that isn’t why I’m here, but it is a polite reminder to treat people the way you would like to be treated. We aren’t babies, we are people with jobs and families who are looking for the opportunity to invest and maybe just maybe provide more for those families. Keep that in mind next time you write a reply to someone on this board or any other one.
MJ1