GREY:MYMMF - Post by User
Comment by
RockMaschineon Mar 12, 2021 12:20pm
320 Views
Post# 32785864
RE:RE:RE:RE:RE:RE:On the rise
RE:RE:RE:RE:RE:RE:On the rise
I'm curious to see how many of his tens of millions in warrants CEO Mike Weiner may excercise. Over the past year there were several issues from 0.12 down. I think there is a bit of overhang with warrants forced on vwap over .20 so that needs to be kept in mind. Last fins had the cash relatively low and then the announcement the loan terms were increased. Its likely the full $5 million has been drawn down. The next few quarters are key. If the sales can grow, costs kept low and a slow growth in cash position, we're set. Based on even just the recent quarter at $4+ mill there many other companies wuth nowhere near the balance sheet trading over $100 million total market cap. To justify $240 million or $400 million when considering the 132 million special shares allocated to Biome might be a stretch. Year end is September and will have a few months will all provinces numbers. Exiting that quarter at $30 million annualized with a million plus in profit would be amazing. $5 was an anomaly based on promises of 1 million sq fr greenhouse and general market exuberance. A lot of plans were scrapped but the company as it is today is solid, not overextended and growing at a great natural pace.