This reminds me of my old fishing hole where the big laketrout would come through the salmon fry and stun them with tail slaps and then come back around and eat them.
Sadly, it seems, that a lot of management seem to abandon commonsense and doing the proper thing to let good fledgling start-ups fail, deliberately or for lack of managerial capability with the same intent.
Or it could be big money marketmakers playing the spread that they control with deep pockets, coercion amongst the players by doing short sales and controlling the bid and the ask until they have covered their short sales and retail shareholders have swallowed the loss to the point that they don't care.
Bad management is one thing, but deliberately tanking these companies to come back later and pick up the pieces, IP, recipes and bricks and mortar or equipment assets.
Stock investors should be screaming to politicians and securities people for action to stop this type of fraudulent behavior by all involved, if it is happening.
The securities watchdogs need an ombudsman for fair assessment of whether managment is incompetent or has ulterior motive to benefit by coercion.
All things marijuana could be what tips the scale of commonsense for securities and politicians to act before the sheisters kill this last resort of raising capital for a lot of juniors.
It is sad that the marketmakers can kill good companies of potential by their controlled bids and asks and telling their version of the news to push the shareprice whichever way they want.
I noticed that Ted has quite a few shares according to the insider report on SH! Not sure if he ponied up for any of those or just bequeathed them to himself.
Fact is that management all seem relentless to extract renumeration or the potential for renumeration, no matter what kind of a job they do!
It is interesting to see that some are forgoing their wages, probably more of a necessity at this conjecture.
I think it is time to pass the torch of command to somebody new that can make the sun shine for shareholders or off to Blaze who seem to have a more successful track record.
My big concern is lack of financial reporting on revenue of which there should be some which is management coming up short on running the business like a business or hiding the numbers for ulterior motives.
Missed the buzzboard again!
