RE:RE:RE:RE:So What's the Play Moving Forward?I'm not entirely sure that Bruce initially being behind the deal means he is the one with egg on his face. Sometimes mergers just don't work out. He has financial interest in TRIP and I think he likes working with Todd so I don't see him backing out. In regards to market losing trust in management i don't know that this is necessarily true either. I remember an awful lot of people on the boards complaining about the merger because of the dilution and increased cash burn, and that it wasn't a good enough deal for TRIP. I agree though that we will need a catalyst for a big move up. Based on how many deals they have done so far, with only one of them not working out, i would imagine there are more deals to come and wouldn't be surprised if they announce one before end of the year.
BrokerG wrote: Bruce was the adivsor to both firms. It was he that thought up and advanced the deal. Todd said as much in an earlier interview. So of course, Bruce is the one with egg on his face. My concern is that he slowly back away from Red Light to pursue his other numerous interests.
Many of the large shareholders are here because of his leadership.
In regard to PACE, buying a few mushroom farms was not was I was talking about. The medicinal side is the missing piece. Either merge or joint venture or outright purchase but do something. The market lost trust in managment after the Creso fall out. No denying that point.
Don't get me wrong I am still a believer and a large sharehodler but we need a catalyst. Remember there were two stock issues - the IPO at .25 cents and the secondary offering at .45. Good for company, but, so far, bad for shareholders.