Post by
gardy on Sep 18, 2021 10:21pm
Capital Structure and 3 year forecast
So dated Sept 6 2019 was their Stable Capital Structure of shares issued and outstanding of 46,015,857. Options of 1,250,000 Dec 14 2023 and warrants of 4,000,000 Feb 2023. For a total of 51,265,857 shares fully diluted and outstanding. Low and behold as of today there are 176,920,000 outstanding.
As for their 3 year revenue forecast: year 2020 - $11,851,646 - Year 2021 - $ 20,711,259
Year - 2022 - $ 37,288,393. Forecast excludes opportuniities at the LOI stage: Outdoor cultivation joint venture and launching 2 US complemetary brand joint ventures in Canada. Also excludes the national US rollout of a Hemp CBD infused plant based beverage which is waiting FDA approval.
So in 2 years they have over tripled the outstanding shares and how many of these forecasts have they hit. ( would you like a hint.)
I do not own this stock and never will as I was unfortunately involved with RYU. Still trying to minimize my losses there. This is the same BS story that has already been spun before.
Just Sayin
Gardy
Comment by
luckyAF on Sep 20, 2021 12:14am
yep. failure after failure operationally. all the while dilution enriching insiders. Talk is cheap. This company has run out of chances to say "trust us we'll meet projections this time".
Comment by
xxxxxx on Sep 20, 2021 2:01am
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