PredictionsToo early for me to state anything with substance that is not just a BS guess which I don't do. I need to see the gross revenue pattern develop over the next two quarters at least for what, for me, will be a stock price expectation based on reasonable comparables with others in the space and by using a multiple of those revenues divided by the share count.
As it relates to the share count, I prefer a smaller one - 300M is not impossible to work with to create a share price increase, but what I have been screaming is STOP ADDING to it or it then becomes too dillutive and very difficult to increase the share price. If we can hold it here or if the share price goes up and we want to do a raise, make sure it is very limited in size and NOT what Rosen, in my opinion, rushed to the market in August with offering tons of shares available and it fell flat - fortunately actually in my opinion. That seemed like a very lazy move by Rosen and the market is sick of TGIF trying to do yet another raise with another story that is unproven, at that time, and nothing to confirm the ship was being righted - except words and promises - versus actual proven financials.
We will, in short order, have the financials to back up that the ship is finally headed for profitability in addition to hopefully a few positive surprises on perhaps the dispensary front or other announcements.
If Rosen ponies up for all of his options, combined with what he bought on the open market, in combination with his previous 10M shares at $0.45, I see his average share price now in the low $0.20's so it would at least say to me that he is not doing all of this just to scratch out a break even at say $0.24...how high he will try and push this before entertaining a takeover for an exit - that is the big question. Techincally he can also try and grow this into a multi-state monster and I would absolutely welcome that.
On another note, Gene Ruiz is in with a low share price, but don't think he is exiting for peanuts, I think he is in it for a serious score...and I think he will get it and therefore we will get it.
Apologies for the long winded comments...my opinions only - guide youself accordingly...DFC