I often thoughtthat Tinley would be a good gig for an insider to wind up with the spoils.
I hate thinking like that but greed is a terrible thing. I am convinced that a few of my other pot investments have been deliberately mishandled for the ulterior motive of the first-ins picking up the valuable assets after tanking the company.
I put 10k into Dixie Brands that did an amalgamation with BR Brands and turned the whole thing into a clusterfuch so bad that I don't think they could have destroyed it that quickly, just with incompetence.
I believe that there was nefarious effort because both of those companies were showing huge promise and they are still putting out nrs that the sku lines are doing well but it is halted on the CSE and still trading south of the border.
I saw the same thing happen with Abattis with a group of investors bleeding the company dry with assinine purchase prices where they paid goldmine prices for moosepasture and the rest went to bonuses, consulting fees and such.
The foot draggin' that has been going on here is concerning and the fact that we aren't getting any numbers for sales of our product skus or volumes for co-packing. There is nothing by the way of numbers that can be nailed down and projected other than our total bottling capacity capability and what we have been told in regards to how much we can expect per unit for our revenue for services.
If we use those numbers of 30 million units at .50c per unit, providing we can generate business to the max to keep our line working to capacity should be $15 million worth of revenue for a company that has a marketcap of $17 million at todays valuations.
That supports my theory of high margins as being valid and we have been told that we have co-bottling clients lined up and that co-bottling money is paid upfront.
What we don't know is how much per unit it costs but I feel confident that it will be pennies per bottle and the co-packing stuff, we just make it and bottle it and then it is their problem whether it sells or not.
Which leads me to my feeling that our own Tinley's line should generate higher margins for our company and why I would like to see Tinley's do so well that we don't have any overcapacity to co-bottle.
Somebody reported that in Canada the rtd Tinley's is retailing for about $12 per bottle. I bought some beverage skus in BC that came in 4 packs for about $17 so less than $5 per bottle and they have low thc.
We have no hints of numbers for Canada and know even less about Becketts sales and volumes which sort of supports the idea that management may be trying to garner the spoils of our efforts.
I hope not and I am relying on my being able to read people pretty well that I don't believe Rick would be a party to it or even Jeff, but Rick took the wheel when it was deemed that Jeff had to step down and we got the production facility going but again no numbers to really get the feel for what is going on with our investment.
I see a state of the art bottling facility, licensed, recipes, ip and skus making their way to shelves which should move the shareprice in an upward fashion for a company with very low debt but that isn't happening against all commonsense.
We are so much more than way back in the Hemplify days when our stock was worth $2 per share!
I hope I am as good a judge of character as I think I am! They are going to have to give up numbers pretty soon or expect some kind of a takeover move or privatization so they don't have to report at all.
Sweetwater got $300 million for their beer facilities/business and it doesn't do thc beverages.
glta and dyodd