GICs are better than TinleysNo. Right.
When I first invest four years ago, I thought TNY was heading for the moon. Drinks were gonig to be produced imminently. Then it became apparent that this company could not keep singular focus and shifted strategies each fiscal. I lost confidence in the stock, and could see the depreciation in stock price. Raising funds quarterly, share dilution, bloated salaries for JM, RG and their "consultant" friends, delayed roll outs, hyped sales and poor financials.
In Canada, they said they were going to produce with Level Up, that changed to Peak Processing. Peak just released drinks to the OCS Tuesday, so they are fully capable of bringing drinks to market. Tinley needs to own the blame for not releasing drinks at this stage.
In California, Rick owns the licence for Long Beach and Becketts. The last MD&A had words in it to the effect that Rick better be a good boy and not run away with all of his toys. Why doesn't Maser have control of his company? The only thing he has control over is getting the equivalent of the monies for his shares. A handsome amount, but falling every day.
Becketts seems to be the clear winner along with the co-packing. Or are they? Time will tell. The last financials were not in line with all the pumping surrounding the sales of Becketts, that's for sure. What were they again? $130K Laughable.
The sexy drinks they "sold" to shareholders as the reason to invest no longer exists with Tinley. They blame all the hoops and the new hoops and they change to this and that. Small problem with their whine. Other companies with low resources managed that tricky process and manoeuvered in new directions when needed just fine. For sexy drinks in Canada you can go to the big guys Canopy or Hexo or the small guys Hill Avenue or Molecule. Getting drinks on shelves can be done with more perseverance and less blaming. There are rules and regulations and others have done it. If Tinley is incapable of meeting its intended purpose then, face it, Tinley is doing something wrong.
My primary question is when will we finally see a financial report with sales and revenues that reflect the value assigned to this company. If it is 2025, why invest in this company when you could tie it up in a GIC at .3% per annum. You would be up almost 24% this year.