RE:RE:Falling pricesThe one thing that made WeedMD so appealing when I bought in over 2 years ago was their potential along with the fact they had minimal debt. I know it takes money to make money, but the fact they keep borrowing and diluting to stay afloat is not a good sign. This is why the SP went from $2.00 to $.20.
Unfortunately, they've yet to give any indication that they are ready to turn a new leaf. We already know year-end financials are going to be a bust since they had $30 million from the last deal this past year, and had to raise yet another 15 million, not for expansion or anything, rather, working capital.
You all can jump on this board and try to sugar coat it all you want, bottom line, 1st Quarter Financials are going to make or break this stock here real soon. Don't get me wrong, I don't believe going concern is an issue, rather how much longer you have to wait to have a stock worth holding.
The possibility of being cash positive was a hell of a lot more appealing before 80 million in debt hit the books!
It'lll be interesting to see in the next couple of months exactly how much more revenue they were able to generate with all this extra "working capital".
I'm not selling, but I sure as heck ain't buying unless this goes back to historic lows, because I have too many reservations about realizing any substantial gains out of this stock any time soon. I hope my worries are for not, because I still have 150,000 shares, and my kids want a pool and hot tub before they go off to college in a few years....