Post by
Adventurous on Sep 12, 2023 12:07pm
Rising the stock price comes first
As I explained in a previous post, there is nothing really serious Nextleaf can negociate with potential partners with a company value so low. A partner would simply buy the company up rather than consent to good terms. Maybe this is why Paul kept saying "no" to all low ball deals.
Hopefully the new CEO realizes that there is no way around it and takes steps for the share price to fairly represent the company's value. To me, that would be over 20 cents a share. Buying back stock would be a first step. Providing Q reports earlier than the last legal day would be helpful. Involving shareholders in the annual meeting would be easy through social medias. From my own professional perspective, I feel Nextleaf missed a number of opportunities.
This is not about having someone to answer the phone should an investor call in, or to keep explaining the same basics about the company at investors conferences. This is about having a real proactive communications strategy.