BubbaJaye wrote: My thoughts exactly. I relegate it to opening a nice steakhouse, first you need to get a location and building, then you need to find you some good staff, get all your supplies and set up the menu, and provide the best customer service you can. We've finally got the menu set up and the customers are starting to try our meat. We need to deliver! And we shal prosper!
I hear the feild is looking better than it ever has, but have not had eyes on it myself. Maybe someone like Rad can take a drive up and snap a few pictures? As soon as they pay out some gas money of course.
Per the previous NR they said they had the full thing planted for the full 86 acres. And if they propogated the mothers last November like was written, the plants are going to be much larger than years past. If we hit anywhere near our maximum output I think its going to make for a banner year.
If we hit 90,000kgs (It has a capacity of 102,000kgs) and even at a wholesale price of 0.50 (Last harvest we sold at an average of 0.48, however there is less outdoor competition this year with a few players backing off) We get a number of 45m. This is if we do it all bulk which wont happen, but for the sake of this lets add er up. If the greenhouse does 25,000kg, (even at our adult rec /medical prices (we know its shipping to EU at better prices, but again for the sake of it lets use the conservative approach and take the average between our rec and medical which is 6.29) that gives us 157m... Okay lets go more conservative, even if its at the adult use price of $4.61, we get 115m... Okay lets say they only sell and book half of that, we get 57m... Plus the outdoor of 45m we have 102m, plus the 7m last Q brings us to 109m... At a four multiple thats a mkt cap of 436 / 330shares and thats a share price of 1.32... And thats being extra conservative on a forward basis without factoring in any catalysts like EU-GMP or other unions, or a major investment from an outside party.
I would hate to triple my money in under 12 months. Just hate it.
The short volume here is over 60% some days. If one was to get into the psychology of these turds id be willing to bet that they think we're desperate for cash. But if we come out with a good quarter, it may significantly reduce our burn rate, and with all of our capex completed, and the big operating costs taken care of, we might still have several quarters before we need any cash. And if the afformentioned outdoor and international sales go as planned, we might not even need to raise anything. The ATM will be an added security net to our Myconic shares. Let the shorts pay their margins, they know this is close if not THE bottom. Sweat it out and lie to yourselves while you all post over and over on other boards how this is going to 0. We'll be just fine.
Aladdinn wrote: 3 nice additions with lots of experience. This is the type of oversight management needs.
BubbaJaye wrote: Looks like the board got a little shakeup. Not by votes but likely told.
Me hopes that this is a beautiful new beginning.
Many things in the pipeline, and I'm sure its no coinsidence that Troop is operating advisor to OMERS.
Bring the share appreciation.