Everything we do is right, we do not learn from our mistakesI think I may have found the crux of the problem. I had a little chat with Investors relations a couple days ago and it was very interesting.
First if anyone has ever called in, then you know that they are for the most part very pleasant and optimistic. I appreciate that. They are also willing to shed some light on current events and give some reasons as to why all expectations have fallen short upto this point.
Here's where the problem may be. There was ZERO accountability or recognigtion that upto this point the shareholders have been let down. They seem to not realize that the "value to shareholders" that most people are looking for is on the balance sheet and finanacial statements. Not just aquiring 140 patents that have done little to nothing in regards to eastablishing that the profitability and viability of the organization. The person I spoke with did admit that "for now" nothing has been disruptive in regards to the I.P considering all the time, effort, money and promises made surronding it. They seem to simply want to point out that certain other stocks have done worse....
The fact that the company doesn't seem to realize where they may have gone wrong, or taken a wrong turn to me is VERY concerning. I'm still invested (flipping these days) and to hear that they haven't learned anything over the course of the last several months doesn't sit right with me. That attitude is dangerous.
When you've fallen flat on your face as many times as Nextleaf has, and have had a constant string of delays and underperformance you would HOPE that it would be a wake up call, and perhaps instill a sense of reknewed commitment and urgency to live upto the expectations we as investors have for this company. Unfortunately this was not the case... not at all... the downfalls were instead meet with a casual and relaxed response with calls for me to encourage patience among other investors. More patience, more patience, more patience. - 50% performance in valuation and all they have to offer is more calls to be patient.
Wait ANOTHER 12 months I was told. See where it's at then. These guys are Experts at kicking the ball down the road and moving the goal posts.... It's no wonder we have problems attracting new investors who are willing to pay a premium (of even 1 cent) for the stock and thus, unsuprinsingly the stock trades, down. The reputation upto this point is that this company talks the talk but does not walk the walk. Real performance matters and without it, many of us will be stuck in the red.
I question my own sanity sometimes that I'm still invested, there are so many red flags with this company. I REALLY, REALLY hope that they can get their act together and proove me wrong.