InvestorsHub Logo
Followers 168
Posts 17901
Boards Moderated 3
Alias Born 11/29/2010

Re: Walker post# 67817

Friday, 07/21/2017 2:47:02 PM

Friday, July 21, 2017 2:47:02 PM

Post# of 100398
"12 Million"--so what's behind that nice round number needed for the AMS build out? Where's the breakdown of the costs? If Alper goes into meetings with VC/ funders without having a highly specific list of detailed costs based on verifiable estimates by independent contractors, vendors and suppliers he's not likely to come away with anything.

As reported before, other licensed, functioning MMJ grow facilities simply went out and found large vacant buildings (ones with walls, floors, parking lots, plumbing, electricity, restrooms etc)-- bought or leased them, re-purposed them for growing MJ, got approved/ licensed and started making money. IF AMS had simply done that 3 years ago they'd likely already have enough profits to bankroll a giant, custom MMJ facility like the one in Hanover.

Fast forward to 7/21/17.. AMS is stuck.. dependent on one-man-band Josh Alper to come to the rescue. If he doesn't do it and do it fast I wouldn't be surprised if the AMS consortium would have to sell their property or file bankruptcy.

My "opinion" is as valid as your "hearsay"