GREY:WLDFF - Post by User
Comment by
karldrogo45on Jul 12, 2021 11:27am
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Post# 33529726
RE:RE:RE:RE:RE:RE:RE:RE:RE:CTO
RE:RE:RE:RE:RE:RE:RE:RE:RE:CTOjust something add to that. WF has confirmed their California business has been completely shut down for at least a year. which means they borrowed over $10 Mil in convertible debt, spent it buying up companies and licenses in California. only to close up shop a year later with nothing to show for it.. well not entirely nothing.. they did pick up an accounting debacle for which they are still trying to untangle themselves.. I'll say it again - extremely poor business management...
I really wish I had more good things to say. the best I can say is that their BC assets should probably be worth more than their current MC. but without any window into their financial health / sales from stores over the last year and half, it's really though to say.. but hopefully we should get that before they eventually start trading, so people can evaluate that before making their buy / sell desisions.