RE:RE:Rick Gillis in for moreNever trust management. lolz, someone used to say that so eloquently!
The looming PP at 15c killed the upward momentum that developed literally the day after Dec 29th?
Why buy at 21c when the company likes raising below trading price every couple months and keeps a looming second tranche pp open to explore those potential mergers and acquisitions listed.
I can just wait another few weeks/months and buy in single digits again.
Tinley's still trading under the resistance of a descending broadening wedge, until there's sustainable price action above the downward sloping resistance this stock is still in a downtrend.
Forward-looking guidance to profitability, naw, who needs that?
An updated corporate presentation, naw, who needs that?
The company is getting taken out like an old school mafia hit. In other words, hostile takeover, it won't be friendly.
This shady handshake deals behind closed doors are catching up!
cosinus180 wrote: So he's the only investor? In a pp that he sets the price on? Nothing wrong with that! Carry on!
Digby8 wrote: Richard Gillis, President and Chief Operating Officer of Tinley’s USA, and member of Tinley’s Office of the CEO, has purchased 2,080,666 units (“Units”) of the Company under the first tranche of a non-brokered private placement (the “Private Placement”) at a price of C$0.15 per Unit for gross proceeds of approximately C$312,000.
This investment brings Mr. Gillis’ aggregate position in the Company to 4,080,666 Common Shares.
“I am investing once again in Tinley’s to tap into what I believe is an unrealized opportunity within the cannabis industry”, said Richard Gillis. “The popularity of THC-infused beverages is accelerating, and I believe that Tinley’s, through its Long Beach Facility, with a newly activated distribution licence and growing menu of production methods and packaging capabilities, will continue to drive value by serving a growing roster of high-quality and high-volume client brands.”