Empire Building 101
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True. All guesstimates. With the volume we saw Friday we can go lower as the bottom could have been set. Time will tell. Buy low sell high. Easy peasey... lol
New low with increasing volume from yesterday. Certainly
never thought this would continue to drift lower. Really think any new dog n pony shows are a waste of time as Dye pretty much adds anything new.
Quite a few l-timers have quit posting. My guess is some are long gone. Also N.M. sales were down in May on a m/m comparison despite more dispensaries. Probably going to see more acquisitions just for survival as the turmoil continues with many more closures and bankruptcies as money becomes more expensive. Awful quiet on the SHWZ front.
I agree unless they can buy at 50% or less. OTOH, less dispensaries in the state s should help existing dispensaries they already own.
Yes the dilution machine continues unabated. How many shares are these directors receiving yearly for the meetings they attend? Becoming obsessive ino
So quiet here as everyone awaits news. We are definitely overdue.
No idea where I came up with the $30k thing that I thought I read last night.
Time for news on the acquisition front. Been very quiet on the news front lately. My guess is much is happening on the inside and it is only a matter of time before this is revealed.
All the directors did the same. It appears by doing so they were able to exercise immediately. By doing so they received 30k instead of waiting and receiving the $35k they would have received. My guess is the $1.72 had more to do with date or average of pps but not really sure. It really is suspicious as to why. Surely someone else may have a better understanding and comment as I've not seen anything like this before .
Is it baked in at this price? 64k question.
Agree. My grand kids help with my rentals and want their earnings in the market and not wanting to wait. Trying to teach them the value of working. Certainly this will work out over time. To many handouts currently into when their is so many jobs.
I am buying a few more today for grandkids custodial account. I just think this is a good price to add despite other opinions
Good catch. So much for the huge uptick. Now posters are reverting g to fake news or should I say misleading. Sheesh get a life
Ready for a new acquisition announced this week.
Excellent. Glad to hear this. Might be time to start nibbling again. Been waiting for this since last Sep. GLTA
It certainly has been quiet on that front since the announcement and recent closing of Urban this week. Acquisitions announced would certainly be welcome especially in N.M. imo.
Good news.
Me either. I'm still holding and have not sold any shares. Not buying either. They need huge growth and hopefully Safe Banking. More debt over 10% would probably make me a seller.
That would work. Let me be clear they need to get the growth you speak of without no debt and use that war chest asap in a manner that is shareholder friendly. You clearly pointed out a strategy that would work. Along with that I believe they need to build a few from ground up as the costs are much much less. I would venture to say a minimum of half with possibly much more. Really dont understand why this hasn't started especially with their expertise.
I would be much happier if interest was 10%. But the 95Mil which is now over $96 mil is 13% and we have another $15 mil at 15%.
In theory I agree with you. However, the prior assets dispensaries etc. are not growing but behind year ago numbers. What you are seeing is more debt added with these outrageous terms. However, NewMexico should be the exception as those assets should grow at double digits. If they get gain traction in a new venture that isnt mature that could change my view.
Wrong I lost 6 figures in Evio. Also currently down 6 figures here. I see things as I see them. Why the conspiracy theories when someone has a different opinion?
The board now says Dye will restructure these loans at the right time. That is a silly statement. These are above average rates and each day is only costing more money fo all shareholders.with almost $150 mil in debt each 1% debt reduction rate is $1.5 mil per year. The saving would be huge to get these 13 and 15% loans down to 8% like these poorly run mso"s. With that said I believe we will be hearing more on this very soon.
https://finance.yahoo.com/quote/SHWZ/analysis?p=SHWZ
Sure doesn't bode well this year. Now the guy is calling for a loss. The issue is getting this interest expense under control. Am I the only one who sees this as a problem? Anyone?
Problem is debt interest expense. The only way out of this mess is Safe Banking relief. Margins will come down as more and more competition comes in. Any successful business knows the impact of high interest rates. A $10 mil dispensary with 15% interest becomes about a $17 mil. dispensary with accrued interest after 5 yrs. If nothing is addressed with this issue very soon the common shareholder will suffer badly. Insiders hold lots of these notes have/are profiting immensely. Also in the event of default these holders(insiders)have the rights as the whole company has pledged all of these assets.
Time for Dye to start addressing this issue and not play the ostrich in the sand. Explanation of these notes and the interest is a priority. Again, look at these liabilities on the amendments and terms. Need some real conversation on this subject as it is real.
IMO, with al.ost $5 mil operating loss and close to $18 mil on interest cost things are rapidly deteriorating. You have $15 mil at 15% , another $95Mil at 13%, another $44 Mil at 12%, and another $17mil at 5%. Add this crap up and we are close to $20 mil in interest payments alone. Absolutely nothing paid down. The only thing I'm not sure about is the $95 mil loan at 13% and 4% pik. Someone please explain how these notes and above interest rates bodes well going forward. The dilution alone is huge going forward. Maybe the team isn't the dream team e everyone believes it is. Before you start bashing look at the amended filing closely. Terms do matter and unless we get the safe act passed these outlandish claims of $10+ is purely hogwash.
Because EBITDA is before interest the companies with higher debt will have a much lower multiples versus ones that are. This is the case here and why the multiple is much lower in pps in terms of ebitda.
You do understand that EBITDA is earnings before interest,,and amortization, taxes, depreciation. From this 70-80 mil you deduct interest expense, taxes, depreciation, and amortization. What only matters is free cash flow after these deductions. Depreciation is added back in but still a direct cost. Reducing these notes is key imo opinion key to survive and thrive. Dont forget they paid dearly for StarBuds almost $10 Mil per dispensary plus interest being paid. Not at all bashing but reality and facts. It might be time for GAAP financials being reported instead of non GAAP in which Dye says better reflects the health of company. FWIW, GAAP stands for generally accepted accounting principals while Dye has chosen. With GAAP I do not think the messy q. would have happened with interest. However derivatives would have.
That word be a good start. I'm of the opinion nothing has been repaid and all is outstanding. Plus if the interest wasn't paid these debt instruments could potentially hurt the company in a big way. Not so much with debt holders as they have all dispensaries pledged. Believe me they covered their bases and in reality have the common holders by the shorts especially if these high interest rate loans are not being paid down periodically. Good post.
Never sold a share just being real. GL. N thx.
Yes but now part of the excuse for bad earnings. How about 15 mil shares to be given to insiders? When is enough enough? High interest rates being one thing to Dye and friend above the prevailing rates of the better companies but now 15 mil freebies is a bit of a stretch wouldn't tou say?
If they really cared at all about common shareholders cancel the 15 mil give away and use these shares for more acquisitions. Here is a real change for Dye to show that that shareholder value for all is his M.O.
Dye probably could care less about shareholders.
Too much optimism in lieu of the facts I adamantly complained about double digit interest rates being paid only to be trashed. The large mso's were getting money for 8% while we paid 13% and as high as 15%. The responses were from the board were all the same nothing but kudos for management as they raped the company charging much higher interest rates as they owned a good sized amount of these loans and notes. As if that wasn't enough they now have another 15 mil. shares to divvy up with a 2017 plan. The biggest problem I see is they need to be incentivized with results that are somewhat forward thinking. To claim you have the best of everything in regards to management and after 3 consecutive q's of earnings wipe everything out is BS. Would the CFO known about these interest charges and how they would impact the report long before this happened? Yes so what do they do buy a month before earnings and sucker the blind sheep. As far as the 2017 incentive plan in lieu of these results if Dye gave one idea of concern he and his board would cancel the plan immediately as it was put in before they were ever involved. If not they are every bit a part of capitalizing. Almost sounds like this was in the plan. Now after the Q results use the silver tongue and f
Going forward everything is once again rosey. IMO, after we see this 15 mil. Share insider enrichment I'm sickened to no end and to believe it was initiated before any of management was there just plain sickens me.
That is just crazy. Really an additional 10% dilution is unacceptable. Looking more and more like the dilution will kill the pps and will be held in check. Really not feeling it here
Derivatives are misleading with reports. That was my concern yet end with a huge gain q4. However it was pointed out that they had operating ordinary income then. Dont see it this time. Excellent observation at least I'm not alone with my thoughts.
Totally agree.
I'm going to start new money that I've been dollar cost averaging to TCNNF as im way over weight here.
Never mentioned selling. Just not adding as this loss really isnt good. While a lot is non cash it will take awhile to get buyer back for awhile. I'm sure they will have a great q2. Time for new money to diversify. Safe banking is coming and I like shwz but someone else much larger I feel is very 7ndervalued. GLTA
This is not a rodeo but more like a horror show. So much for 3 qtrs of operating profits ro wipe out everything. 8ntwrest expense is quite funny to be that high as the majority well over 1/2 wasn't on the books till Dec. I'm done buying as this did not pass the the smell test. They will now announce another acquisition probably tomorrow. Funny accounting with interest expense as they should have accrued qtry.
Net earnings of .03 would be just fine with me. Q2 should be an explosion going forward. New acquisitions coming.
I'm with ya Doc. They are nothing but opinions. I've been dollar cost averaging and not going with the pack mentality. I am following the smart money being the insiders. Do as they do not as they say. They recently bought around $2.00 and anything under is a gift. As far as Dye and laws being changed quickly he made it clear on podcast he did not believe believe it was going to happen. So why did they buy? Honestly I dont knowbut Dye has grandiose plans and only he knows but if he says it is undervalued and puts his money where is mouth is I'm all in. I will say anyone who believes we get under $1 is really partaking with to much product product .
More acquisitions to be announced very soon.
Has an earnings date been announced? Thx.
Also very noteworthy Dye said they were cash flow or ebida (not sure which one) positive after taxes. This is very good news as it spells out growth. Dye also stated more deals being proposed with better terms. He did say softer y/y sales through June . However the caveat was cheaper wholesale prices which they are heavily dependent on will cushion margins despite lower retail prices. His honesty upfront will keep me here along time while adding when possible.