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Bullboard - Stock Discussion Forum Nova Mentis Life Science Corp. C.LIB

Nova Mentis Life Science Corp is a Canadian-based company focused on building and supporting a diversified portfolio of health and wellness businesses. Through its subsidiary, the company is focused on exploring the anti-inflammatory effects of psilocybin in underexplored metabolic indications such as obesity and diabetes and providing a Health Canada Standard Licensed facility focused on the... see more

CSE:LIB - Post Discussion

Nova Mentis Life Science Corp. > Another Thought
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Post by TenFingers on Oct 24, 2018 10:00am

Another Thought

Although a bit frustrating at time, I must commend LL for taking their time to cautiously proceed with their spending.

Think of this - look at where we are and how much money we still have left. We are not dilluted, and we have plenty of runway. This was either a result of slow management, or taking very smart steps forward. Either way, I'm comfortable with where we are now.

We seem to come up with new ideas and throw them out there to steep, long before signing any cheques. This reminds me of the guy at the poker table who stops to think things through for as long as he needs.
Comment by bmowis77 on Oct 24, 2018 10:56am
I agree with this.  No matter how you slice it, taking your time and being thoughtful is a healthy response to a hot market whose impatient (and relatively new) investors just want you to make a lot of noise and spend a lot of money and look like you're world class. Knowing the smokescreen that is this sort of public relations, I value an up and coming company that plays its hand ...more  
Comment by serendipidy on Oct 24, 2018 3:00pm
i so agree with uiu. When j spoke with I. R. they were adamant that they would not put out news releases for the sake of just putting out news releases. They werent concerned about the day to day share price, ( me neither) but rather the substance of what they put out, and the real reason for it...
Comment by ovechkin8 on Oct 24, 2018 3:18pm
This post has been removed in accordance with Community Policy