Post by
brentski99 on Aug 30, 2020 11:39pm
Selling assets to competitors is called LIQUIDATION!
It is not the start of something new but a continuation of something old. They cannot sell the rehab assets to get any money to continue operations so they dump core assets we were counting on as shareholders to build a decent Cannabis company. This to me is the worst news ever. It makes me want to throw up. The Vibe press release makes it sound like they just acquired the best thing ever and basically stole it at firesale prices. Do these guys have any sort of believable gameplan or buniness plan at all? They had better follow this up right away with something exceptional good and huge or this stock will tank to under .02.
Comment by
Trooperhobo on Aug 30, 2020 11:43pm
Yip...why would they say the net proceeds will go to shareholders? Why a Sunday press release? This is the beginning of the end...I expect a halt tommorrow and then some news about what the end is all about. now I'd like to be proved wrong, but this doesn't look good.
Comment by
brentski99 on Aug 30, 2020 11:53pm
Winding up of the company and then delisting it. I hope not but why else would they do these stupid things?
Comment by
brentski99 on Aug 31, 2020 1:00am
Iscfa, I think you have hit the nail on the head. They have assets they can unload and with no debt and say with cash in the bank of say 7 million and a good pipedream the shares would be worth a lot more than they are now. Why suffer the MJ downturn when they do not have much invested into it anyways. Something to cure Covid-19 woud be my guess.