RE:The greatest weakness for shareholders of Tinley.....I couldn't agree more Chan. I've taken a lot of shite and abuse from a couple of very vocal cheerleaders, over my almost 4 years for posting comments exactly like this.
I have called Tinley the best kept secret in the MJ space and I've never been able to figure out why we take that approach. I believe it has held us back SP wise and it will continue to do so until we inform the market of who we are, what we do and where we are headed.
I will say that 1 other grade you forgot to mention is our failure on timelines. That too receives an F grade. Yes, regulatory issues aside meeting guidelines have been an abject failure. Execution on finalizing deals seems to be an issue and so guidelines are missed not by mere weeks but months and years. I still do not understand the inability to sign on the line for a Canadian partner. It is literally a co-packing deal and should not be missed by a year or more. Discussing beverages with budtenders here tell me drinks are a bigger seller here than in most other jurisdictions and yet we hear nothing of a deal or when we will finally see us in Canada.
Charlie_Chan wrote: Having been a shareholder of Tinley for over 3 years, I have always considered the greatest weakness of Tinley Beverages to be:
Investor Relations,
When I began to gravitate towards taking ownership of shares in Companies having exposure to Cannabis (I was a year late getting into the game), I looked at approx. 20 Companies that fitted my profile. My top criteria were the strength of Management and what experience they brought into play that would bode well into the development of a successful and profitable Company. There was no doubt that Tinley had 5 stars all over them in terms of the quality of Management!
Most other aspiring Cannabis Companies had Management that boasted a well-diversified history of laying waste to every Company they developed and most Mgmt came from the Mining sector, where they morphed from Gold/Silver/Uranium/Lithium etc. What they lack in quality of Management they made up in spades in Marketing, Investor Relations. They always followed the "Flavor of the Week" in terms of what Company the retail investors were ready to plunk their hard earned money in. Their philosophy was to promote and market with an exceptionally aggressive IR department to get the share-price up and then finance the h.e.l.l out of it. Normally after approx. 3 years the Company had risen then fallen and Management made a fortune and the retail folks were fleeced!
Well, we are lucky we have a Management team that is exceptionally goal oriented and their ethics are beyond reproach. However, their Investment Relations area is nonexistent! It forces shareholders to grovel in tidbits of hearsay and speculation! The part that is upsetting is hearing the displeasure of Management getting pi$$ed off about shareholders phoning retailers and distributors about sales info. I don't like the fact that shareholders are phoning for sales info to retailers and distributors.....but how else are people getting info? It isn't from the Company!
Last but not least, when we had our first phone in to Jeff conference call last Fall, I submitted a question to Jeff about hiring a fulltime Investment Rep, so that shareholders could feel comfortable in asking questions about the Company without having to bother the President or CEO about our concerns. This question was brushed aside quickly with a basic "We don't need anyone for IR". A few chuckles and that was that!
Well, I believe we do!
So my report card after 3 years is
Quality of Management A++++
Quality of Product A++++
Quality of Investor Relations F------
There, that is my rant for the day!
Cheers!