RE:RE:RE:RE:RE:899 Million shares out....bober2 wrote: Inviolablspirit, because I'm retired my holdings are being looked after by financials planners who have done very well by me. They both told me not to get involved with Heritage because it was a risky investment. The fool that i am I trusted Clint thinking he was experienced CEO. Well six years later we all can see the results. He may have saved the company by changing the business plan and buying all these companies with shares at the expense of the shareholders. The company will succeed because of its profitabilty but we'll be lucky if we see a dollar. The insiders will do well if a RS is eventually done because they're loaded up on shares. Stupid is as stupid does.
I don't think it was completely wrong to believe in the management at the time of investment as Clint Sharples is a very experienced CEO who has been quite successful in running companies. However, the cannabis sector turned out to be a very different beast all together requiring him to make several decisions to keep Heritage from going the way of so many failed cannabis companies. As you mentioned I would agree and would suggest that his experience saved the company.
The cannabis sector got over diluted with companies during the cannabis bullrun, as occurs in most bullruns, and valuations got way out of hand which obviously lead to so many companies and investors taking losses. You certainly want to be the smart money and get in early and be out when the euphoria reaches the typical retail investor. Eventually there will most likely be a RS and this company will continue to grow and expand and/or be bought out by its competition. But again I don't see a RS happening at these prices. I don't disagree with you that the insiders will do just fine as they will have plenty of shares and in a possible buy out the top guys will get a seat on the board of directors of the company that buys them out.
In the meantime, the low share price certainly provides an opportunity for new investors to make money in Heritage and the downturn in the entire market provides all investors an opportunity to make some money. As I mentioned in a previous post, things like AI, EV and telemedicine are all possible investments with up sides. Many of those sectors have pulled back tremedously and some of those sectors have not had bullruns yet and will likely have a bullrun coming. As inflation comes down, gold goes up. There another sector. And there are certainly more.