Post by
RazeKreations on Apr 29, 2021 12:33pm
The sky is falling
Have to laugh at all these doomsday people here.
This money will allow MBX to expand production. beyond what is required for Ontario.Thats a good thing. More production equals a better bottom line in the future. You have to spend money to make money and Mbx just does not have enough in the bank to proceed with expansion without help from an outside source.
You know MBX has had requests from others as well as Ontario and this is a way to be able to fullfill those requests. Ignore that and those potential customers will find another source. Ignore that and that opens the door to competition that sees the opportunity. And they cannot control who or when stocks are excersized.
Money coming in is uaually 90 day accounts. so they will not see a lot of money coming in for a bit.
Meanwhile they can still grow the business with this help.
Comment by
rjc7 on Apr 29, 2021 12:49pm
Absolutely! There are a lot of small thinkers and worry-warts on this board. I'd be concerned if they were raising money to pay their hydro but this is the only way they can grow without paying bank loans. The $5Million when spent the right way will pay us all back in spades.
Comment by
wizzdumb on Apr 29, 2021 1:31pm
Haha maybe we'll build a vaccine plant in China or take over the semen sexing market! Wasted millions and years. As I said, I know some have reading comprehension issues, personally I'm not worried that the new management team will squander this money, but maybe some others are not so confident.
Comment by
rjc7 on Apr 29, 2021 1:36pm
You lose 100% of the shots you never take.
Comment by
SouthernTierTom on Apr 29, 2021 2:09pm
Gretz? hmmm: - ) "I knew i knew ya" John Candy ( RIP ) ..a top ten Canadien for me personally ; - )
Comment by
RazeKreations on Apr 29, 2021 2:10pm
wizzdumb] you are so negative that i do not understand why you own any stock. Things are drastically different from even a year ago and you just cannot seem to recognize that.