Friday, July 01, 2016 7:41:53 AM
I understand some will want to frame out the.red flags, and many heavily invested don't want to hear the negative. Mcig doesn't deserve your get out of jail free card. They need to prove they can deliver on a majority of their initiatives. For the past fy, the only objective they delivered on was cbd. Their q4 will come in at 200k, down from q1 and q3, and they missed their conservative guidance by more than 75%, but you aren't supposed to consider that as they want to frame that out of the pucture. It's not important.
So, it is real simple for me. Their are couple things I'm looking at in the near future to judge if a turn around is indeed taking hold.
First, will the audited results hold up to the unaudited results they PR'd. They should, otherwise why would they release them if they weren't confident?
Sexond, will they complete phase 1 of the GL Construction project by end of july, as they should sonce it was in a PR.
I don't understand why some here get so upset when i post this viewpoint. I'm not goint to be a little puppy dog and jump up and down because mcig dangles a few scraps.
Let's see them actually deliver on rollies and construction. I'm waiting patiently.
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