RE:RE:RE: Interview with Jeff Maser & Rick Gillis via Equity.GuruThis AGM conference call sums up this company and management. Sorry to say but incompetent. All of my previous points that I have stated below still stands. They keep changing the goal post. To the old investors - I wish you all the best and to the new or want to invest in this company- just don't go all in. Wait for 2-3 quarter higher sales QOQ especially in infused drink category.
Mesro007 wrote: 12/29/2020 11:37:03 AM In hindsight, it was a good decision to sell out of Tinley. I still think that proper roll out of infused drink in canada won't be before Spring 2021. We still don't know how their infused drinks are doing right now in California, when all USA cannabis sales are all time high (check all MSO's last quarterly reports). I don't care about Beckett's because in my opinion it is a distraction.
I will wait till they record some good quarterly sales because I don't trust this management especially the CEO.
I won't mind buying at higher price but i think opportunity cost is too high when your money is stuck here especially in bull market.
This stock can only go higher in short term if there is some hype due to some expected regulation change, because I don't think they will have a good quarterly results in near future (next quarterly is out at April-2021 end and I can assure you that this management won't say anything about the revenue untill the last possible day.)
Big Red Flag: Jeff changed with help of the board, the expiry dates of his 5 cent options.
Mesro007 wrote:
This interview helped me to make my mind about my investment in Tinley. I am going to pull out remaining of my investment from Tinley. They are no way near their plan of selling infused beverages in Canada. (Although, I would have liked if they are completely focused in California, but they are not.) My guess is that we will see full flow of their infused products in Canada by early spring next year. I feel that they are losing their focus due to Beckett's which might have arguably bigger market but much more competition imo. Even in California, they don't have enough infused products on shelves in different dispensaries. (They are not even in top 10 infused beverages list in California after a year even if they boast about their taste and packaging. Source: headset website). When there is lack of money, Beckett's is unnecessarily clogging their resources. Also, with all due respect I don't think Jeff is competent enough to handle all the issues they are coming across in infused beverages in Canada by himself only. I have been with this company for almost 4 years (check my history of posting) but made money no where near which I expected at the start. Hopefully, I have learnt my lessons from this experience. Frankly, when there is a precious metals bull market going on, I don't want to waste my time with this management. I still like their idea of infused beverages and will recheck their progress by end of the year (or before if democrats wins this election). GLTA.