Post by
Boilermaker79 on Nov 04, 2020 8:05pm
Member Mathew said this
I talked to Eric. The quarter was flat he knows it. Nobody in management has a magic wand to waive. They have got to figure it out and they are bleeding money. Q4 has to be massive. In all honesty, do the math, we have roughly 6 months to go before we run out. Total bummer but this is why you don't just blindly trust that a CEO is pushing all the right buttons especially one that was not qualified for the job in the first place. Like I said, you can afford to warehouse quick money making deals when you are sitting on a pile of cash or revs are going through the roof. That was not Namaste's situation and Meni had to know that. He looks like a guy that is lost right now. How do you have a flat quarter in the middle of a pandemic that has boosted the pot industry in Canada to all time highs? Inexcusable. Down we go again. Every day since the release of financials. Slow bleed. Not much more fat on the bones to trim. There is no new money in this stock. Just wretched bag holders like me trapped
Comment by
randomtask on Nov 04, 2020 9:03pm
oh Lhama... You're seriously going to keep your head buried in the sand through all this?? Hopes and prayers isn't going to save your wife's RRSP, kid. You should divest while you still can.
Comment by
QuothTheRaven on Nov 05, 2020 1:54am
Meni does not control the share price. He's done a great job running the company. We didn't even have a single government contract when he arrived.
Comment by
randomtask on Nov 05, 2020 7:31am
no offence Quote(sic) but he's doing a terrible job. Those contracts are great and all but declining revenues in a booming industry tell the true tale of his leadership and the underlying value (or lack thereof) these contracts hold