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Bullboard - Stock Discussion Forum 1933 Industries Inc C.TGIF

Alternate Symbol(s):  TGIFF

1933 Industries Inc. is a Canada-based cannabis cultivator and producer. The Company is focused on the cultivation and manufacturing of a portfolio of cannabis consumer-packaged goods in a variety of formats for both the wholesale and retail markets. The Company operates through three segments: Alternative Medicine Association LLC (AMA), Infused Mfg LLC (Infused MFG), and Corporate. Its AMA... see more

CSE:TGIF - Post Discussion

1933 Industries Inc > Different Opinions...
View:
Post by DashForCash on Feb 25, 2021 12:15pm

Different Opinions...

And that is why we appear to have gotten to a respectful point for all opinions - everyone is entitled.
I definitely see the financing differently.  As I have stated repeatedly, I believe that we are very very fortunate that Rosen was able to arrange this.  We were working from an improving but weak balance sheet with low cash.  How would we have funded expansion of the facility with more lights or potential development of the other adjacent buidling, etc. to grow more flower and therefore grow more revenues?  Where would that cash have come from?  We are not cashflow positive yet it clearly appears - though close - and without the SAFE Act in place - it is not like we were walking into a bank anytime soon for fairly priced financing options.  And for anyone who knows how these PP's work - you would know you don't just get to pick up the phone and order $5M on short notice - especially when you are technically still losing money and considered high risk...etc. etc. etc.

I am thrilled Rosen pulled this off - the timing was incredible for security and development for us.  And, though the stock was trading around 0.14-0.15 at the time - we all know that was a recent short period of time and that you would not get that price for a PP - in addition - I ask everyone - do you not think Rosen was not aware of this and did not try and get the highest price per share the market would provide? Come on - the dude deserves WAY more credit than that in my opinion...and that is just it - my opinion - I am not stating I am correct - whether you agree or disagree - I respect all well intended opinions...but those are my thoughts on the recent financing...DFC
Comment by easydough on Feb 25, 2021 12:23pm
Agreed, all fair points.
Comment by Weedmd11 on Feb 25, 2021 12:24pm
Thank you I like all sides of it too good read dash. I just the guy that looks at the glass half empty rather than half full in this game. I believe he could have gotten higher but he didn't and I was able to take advantage so it is what it is. Expansion is needed Ovbiously to gain traction on numbers again thanks dash for your input. I also do believe we have a winner here I just like to ...more  
Comment by Weedmd11 on Feb 25, 2021 1:18pm
I do see that the market does seem to disagree too
Comment by Freebirds on Feb 25, 2021 2:31pm
I agree DFC, one can only guess what takes place behind the scenes and every valid common sense opinion matters... If Canaccord wants to purchase possibly up to 63,640,000 at an average price of .135 im good loading up at current prices or even lower? Ive almost doubled down in the past two days...Paul wants this deal to close in a week and im sure they would like to see the SP increase a bit ...more  
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