Nextleaf Solutions Ltd C.OILS

In my honest opinion...

[billybonk]

I do think the timing might have been wrong, especially during potential tax loss season, .185 cents hurts when we were moving up.  Yes, I bought the dip, but it's frustrating since this was a hit to everyone.  I'm not sure if this could have been avoided because more cash was needed, a raise was inevitable.  Since I wasn't in the board room when this decision was made, I can only think management was trying sincerely to do the right thing.  I did meet with Paul Pederson in Gastown back in August of 2020, he's a good guy.  Nextleaf is his baby, and he wants the company more than anyone to succeed, so I don't think what happened in the last few days was done to line insiders pockets or anything under handed.  They just needed the cash to expand.   I might have done the same thing if I was in Paul's position if I believed it was the right thing to do at this time.   It's always been a roll of the dice, so I do hope the timing ends up working in our favor and we see results in the quarterly reports next year.   It's tricky running a business, especially an extraction business in a down and out cannabis sector these days.   For what it's worth, I think once the dust settles, there'll be some good NRs and improved financias in the coming months to get us moving up.  We'll know before too long if this cash raise was timed right or not. JMHO

[Buyhigheatchips]

Fair assessment but no one can deny that the incentive to give insiders a shot at averaging down is there.  I put a lot of stock in how shneps looks at this. 18.5c. Brings us back to the dark ages. Thanks Paul! 

[Gotime2]

I think they need the money now in preparation for filling orders in Ontario and elsewhere in March. There must be a three month lead time on getting Vape cartridges ordered paid for and delivered in order to fill them. This is definitely not the only expense but if we're going to sell millions of vapes we need to be ready. 

[stealthct]

It's the same financing narrative each year.  Fast foward, end of 2022 everyone is going to say wait for financials in 2023 so you can see the full year of 2022 sales of Glacial Gold. Can't keep moving the goal post. 

[shneps]

They do need the money, as seen below:  "The Company intends to use the net proceeds of the Offering for the procurement and delivery of its cannabis products to various provincial markets nationally, for the partial repayment of principal and interest on a senior secured convertible note of the Company, for general and administrative expenses and for working capital and general