GREY:ALEAF - Post by User
Comment by
Toweringmarson May 11, 2020 9:49am
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Post# 31011301
RE:RE:Leak late in Friday's session!
RE:RE:Leak late in Friday's session!
Miamirules wrote: I'm soooo upset ... really why can't all these cannabis companies run like a true business .. even if they have 5 million in cash .. That should be enough .. They have enough revenue amd profit to make it till the end of the summer ..After the harvest sell off 10k wholesale of flower and raise the cash .. No BRAINS !!
Cash is King. What happens if wave 2 of Covid hits and everything gets put on the backburners... (hint hint, like the spanish flu and every other global pandemic. Once we open everything up again you best believe we're going to have to lock down at some point once hospitals run out of capacity). This is how companies fall prey to debt financings. We owe debenture payments and interest on that debt, so its never a bad thing to put some money in the bank.
We've already seen how explosive the price action can be when shorts like SexyHotBunnyGuyDude get burned and have to cover, why not take this as an oppertunity to double down before earnings? Or dont. Thats fine too. But anybody holding long term like myself are happy the company has that much more runway. We've already proved we're in the realm of the big boys.
Not only that but if they pay down debt we're better off longterm. If they opt to do some M&A we'll do good long term.
I mean really. What has the company done to this point that has been a mistep?
When others we're racing to scale, Aleafia was scaling to race. And they've proven that with growth QoQ for the last year or so.