Beleave Inc BLEVF

Not even worth a penny

[Icemaninc]

I would not even buy at half a penny. Stick a fork in her!

[jb24]

Give me a break, A Licended producer, doing 1 million /q in bad times with the potential to make 10 times that amount. The sale of London property would put BE back to full strid. You obviously have a bid in for .05 --otherwise you would not be here---bashing. gla

[Wallhalla]

The problem is they have never been able to produce a product for less than they sell it.  COGS and expenses are too high (COO makes $300,000 a year plus $75,000 in Board fees).  They have significanta and crippling structural debt that will be hard to setlte because they are not profitable.  Selling London is not the answer.  They owe more on it then they will sell it for (or

[Icemaninc]

I wouldn't buy at 0.005 lol Maybe at 0.001 if I thought it was being taken over buy a capable company. But they have too much debt. They also owe alot of vendors that they need to make that info public. I guess in good time it will all be revealed.

[Wallhalla]

They owe their suppliers $ 4.9 million (on top of Auxly).  This is publicly stated in their last fincials.  Their is a lien against the Hamilton property for money owed to construction workers, plus they have vendors calling them out on social media.  Seems like only a matter of time before they seek creditor protection.  Sadly.  

[Wallhalla]

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[jb24]

Wall... Of course they are not profitable yet.........like 99 % of the other MJ companies out there. Sale of London will give them some financial flexibility, CEO's are good at that, and they are so close to a point where they could be profitable  -so no stopping now. Plus the break-up value or buy out value of BE is far above its present market value. gla