Post by
geodcan on Sep 08, 2022 5:26pm
CSE monthly "ing" report
Pretty much a cut and paste with a lot of ings attached to the action words.
Nigh on to nothing by way of good news or enthusiasm that would entice an investor to plunk down.
Manufacturing, completing, testing, reformulating, installing, commisioning, adding, declining, all words that imply action but nothing much to be crowing about.
No mention of Blaze that I saw either and what is happening in that camp.
What I see on social media is Tinley's cranking out competitors beverages with promises of our own line being promoted.
It's not clear if we are still building up our own production capability and not working on any new lines or flavours of skus under the Tinley's label.
I'm not sensing very much enthusiasm for our company which is still ahead of some big competition in California as a going concern.
I am fearful of this being snatched and see a lot of signs that I have seen before for investments I've participated in, and I am concerned that this management behavior has ulterior motives to cut public investors out and reap the spoils.
It seems that there is a lot of risk loan money around, so jumping on the Blaze deal with that huge security commitment does
n't make good business sense to me unless there is already a back room deal in the works.
I hope Tinley's survives past a lot of our competitors who are in the same business and facing penalties prescribed by exchanges.
I mentioned BEV and then NEW AGE looks like it is on the ropes. Jones Soda wasn't doing well either and jumping into cannabinoid beverages seems like a last ditch effort. Somebody mentioned that Jones should buy Tinley's but I don't think they can raise the money with their long history of cash burn.
I can only hope that the integrity of the principals and their reputation is worth something to them such that they won't screw over the investors that financed this company to this stage, which is banging on all cylinders but nobody doing anything to encourage new investors.
You have to sell your product at a mark-up to make any money or your service at a margin above costs.
And where is all of that upfront money for co-bottling that we have heard about????