GREY:DLTNF - Post by User
Comment by
golfyetion May 18, 2023 5:56pm
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Post# 35455439
RE:Axe the tax!
RE:Axe the tax! 6% is nearly $4 million per year in additional bottom line money. This should easily swing the business from losing money to actually making money for shareholders. Let's hope these cowboys don't blow the windfall cashflow gain on reckless expansion plans. I am begging them, please please don't take the only proof of profitability and literally blow it.
Now if the Feds would back-off on excise taxes too we would have a company that could actually declare a dividend. Remember that the Feds charge $1 per gram -- a rate set when grams were sold for $10 or more. Now grams are being sold for only a small fraction of that but the full dollar is still charged -- representing an excise tax that is in the 30% range.
Eliminating that tax and the resulting cashflow gush would change everything about how the market views this investment. The stock would move to over a dollar in a heart beat in my opinion.
They need to focus on and hammer the Feds now.