GREY:NCNNF - Post by User
Post by
Blizzy420on May 26, 2020 4:18pm
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Post# 31074937
Owned Stock til yesterday
Owned Stock til yesterday For context here, I got into it with Auditor a month or two ago about the future of NRTH and the possibilities. I withdraw all of my arguments at this time. The results were actually laughable and the idea that this company is going to turn it around became a lot less clear for me through those financials and the conference call today.
They f'd up the grow so bad last year and the stock is 100% dependent on them achieving fantastic results from the grow in 2020. This is not impossible, but I think this is an improbable come back story. If they can turn it around and get things right there will be some short term pain.
I no longer see that value here, dilution by the end of summer is a virtual lock and IF they can create a market for outdoor cannabis and sell ALL of their weed they have a chance. However I see that as investing on hope and prayer and I am putting my money to work elsewhere.
I feel bad for anybody that bought into this one. it should not be hard to grow weed in a field, but 48NRTH showed it's not that easy either.
GL to all the longs, I really do hope you got back to $1 one day.