RE:RE:RE:RE:RE:RE:RE:RE:CBN product development I can understand most of this post and even agree with some of it. I agree the delays suck as well as the slow slide down to start rise all over again next news (rather than climb from higher base). I even agree that it lessens prospective buy pressure from both new and existing shareholders. What I don't agree with is saying its indicative of anything anything (on sell side by kings) . If anything I'm with Tango on this point. The slide volume is low and shows that most longs are holding for what we know (hope? Lol) is coming. A few last things I'd like to comment on
1. Assuming they ship end of May (beginning June) as the last mention says, we may still not have those products on shelves till end of June. If it's a small rush order then they may just send by air so that would be quick, but if it goes by sea we are looking at probably 4 weeks?
2. A lot of assumptions are being made about the latest CBN news (which ties in to next point I'll comment on ). Asking why put all this effort in to new products when we don't have existing products. Well we don't know what caused the delay .Was it a delay in closing Nevada (where they may have always planned on doing all the Tabletz ? Was it raw materials? Packaging? Backlog at testing facility? My point is we don't know what caused any delay and many are assuming the CBN R&D could cause further delays. Except there's no way to know that. People can do more than one thing at once (produce Tabletz and work on R&D same time). Being a small phase one R&D (not clinical trial), I can't see this taking many resources (time or money). Again because we don't know what delays if any there are, we also don't k ow if this CBN research was an efficient use of resources in the meantime.
3. RE: random excuses for delays. This is my biggest and only non frustration complaint. It's not that they've given us random excuses for delays. No. It's that they haven't communicated with us at all about them. Delays happen. They happen far more than anyone not running a business could ever guess (especially new deals/products and especially during this pandemic). My problem is there has never been a clear explanation /guidance on what is happening and what they are doing about it . Without that all we can do is guess.
I think a clear LTS or some kind of CC /Q&A would go a long way to bringing back the confidence some feel they have lost. Also while they have moved goalposts I don't remeber anything about Washington in November or whatever you stated . From what I remember it was going to be Q1 but when they announced Oklahoma q2 for both was mentioned. Yes that may be a bit pedantic on my part but they are slow enough as it is we don't need to add more time. Lol. Also I may not remember correctly so there's always that too. I still sincerely believe that all our frustrations /hiccups will be forgotten when we are rolling smoothly.