InvestorsHub Logo
Followers 7
Posts 392
Boards Moderated 0
Alias Born 01/16/2014

Re: Capt_Smith77 post# 8727

Friday, 07/11/2014 6:31:31 AM

Friday, July 11, 2014 6:31:31 AM

Post# of 27076
You're absolutely right Capt. Their balance sheet looks very bad and is not likely to improve soon. And then there's the issue of dilution. We're well over 200M shares already and much more capital is gonna be needed until the business can sustain itself. My calculation is we'll be at 500M shares before this company turns break-even.
And still, they might be on to something. I think Bikini Ready is the most promising asset. But with the fundamentals as they are, it's gonna take years to see this reflect in SP. The company just don't have the power to push it in the market.
So those MJ products are indeed the thing to count on. Let's see what the scientific board can do to raise attention for the company. We can't have blind faith that this will work out, cause these people are involved in other commpanies too. But it might as well do the trick. Let one of those people come on national tv when NRTI MJ products are launched and we might see a huge rise in SP.
On a longer term this company will be for sale at some point. We have to count on Bikini Ready in this regard. Or the MJ products, if they get generally accepted by then.
The one thing I don't understand is the lack of focus. The acquisition of these yoga products for example is utterly ridiculous. I also think the stock options for the CEO is a waste. Every share counts at this stage and the company should not have given millions of them to Mr. James.
This last issue may have been dealt with though. I don't think it's a coincidence that news about the appointment of Mr Kras came at the same time as statements about financing. Investors just don't like hungry CEO's at this early stage and they are damned right about this.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.