Empire Building 101
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Yes. I do get skeptical at times but believe enough to have recently opened accounts for all 13 of my grandkids in a custodial account and bought each one 100 shares. Not alot but could be if management truly can pull it off.
I have noticed a 10k buy and a few 5k's in the last week, Some interest hopefully a large whale sneaking on end of year well selling.
On Yahoo Finance q4 projections with the 3 analysts are calling for $30Mil average for $112 Mil Sales for 2021. Hopefully a little low as I would suggest sales should equal q3.
Exactly. So if I have that right, then you are correct better places for this money than trying to buy from James. Certainly James wanted money upfront verses getting a pittance of rent money. This is a guess on my part and may not be what is happenibg.
Somewhat agree. Also the 4 dispensaries were leased already from Parco. Agree their is probably better places than outright buying from James. However to do it with the StarBuds would totally suck.
Sky is not falling. Looking deeper it appears Mesa and Parco was a leased deal. It appears Parco wanted to cash out and get out of leasing. Indirectly maybe a conflict of interest. All good Doc. It would be nice for opinions without the attack dog. No wonder people follow for years and never post
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No I believe the loan is $95 Mil at 13%. The $2 Mil is the discount given to the ones who put this financing together.
Can't real say this deal thrills me at all. Before I thought everything was paid for live stock and barrel. The debt was all the financing done for the preferred etc. Now we are paying a lease payment plus with the 95Mil. everything is put up collateral. I dont like what I am seeing. Do we have problems with cash flow covering all these high interest loans?
Not saying sky is falling but certainly dont like being the tenent one bit. The landlord holds the cards make no mistake. Would love some input here
Thanks for Sharing IPS. Adding more shares as this story unfolds. Haven't sold a share and no intentions.
You must be very confident with $1+ Mil. in Estes here. It is no wonder your wife attended. Again thanks for this well written in dept post.
PIK is interest accrued but not due until note matures.
If someone were to immediately convert I would assume that would end the 9% interest. Exactly what is PIK? I know what the initials stand for but dont really understand. Anyone,
Good to see insiders adding even more shares to their huge investment. Greed is good?
Misspoke it is convertible. Your price is probably close as they plan on closing within a week if I read this right. I originally thought by redeeming note that would stop the conversion by paying a prepayment penalty. After rereading this that was not the intent but to stop the interest only. This would add a lot of shares to the tune of 40 million shares plus another 6 million on another closing which would put us close to 180 mil fully diluted with a lot of cash on hand. This will enable a lot more deals with ebidta growing in excess of $50 mil in 2022.
Recommended stock to some deep pockets and they informed me they have already took a position of over 100k in a short period.
Agree wholeheartedly. It very well could be a blessing in disguise and handsomely reward ones with cash or the ability to get cash. The deal just signed while a little high on the interest is reasonable. I would much rather pay a little higher on interest than dilute to oblivion tou are right that eventually the laws turn and then get cheaper loans. For now secure the
deals and locations that make strategic sense.
Sept. Sales in Colorado were down 13% .oct. sales did better down 10%. That being said they appear to be reversing the trend. These were I believe comparable to the prior months and not a y/y comparison.
I believe all is very good. Controlling dilution at these prices is huge. The last announcement which was a cap for $1.59 to $2,60 did not give the vibes I was looking for. That was based on 20 days prior to closing average I believe at 117% over the low. With this new announcement that should put a much higher pps hopefully closer to $2.60
Yes things are falling into place and I couldn't be happier with the progress being progress being made. A couple of very nice buys last week.
Interest a little high 13%. However in the positive no dilution if I read it right. Did I miss something? I see they can give an additional monies if matrix is met to the tune of $4.5 Mil.
Sad my money I sent snail mail still isnt there and can forget about $1.60's but this news is surely merits a higher pps.
Thanks. Good to know they are not involved.
I think many knew something like this was coming but nobody expected this now. I guess we will soon be a mso . I certainly like the population and that we instantly become #1 or #2 in the state immediately. This on the surface looks like it could bring in serious revenues rather quickly
Unfortunately I sent in money to buy more shares under $2 but still not credited to account
Probably wont hear anything
I sent money to brokerage this morning. Too good to pass up imo. Nothing more than tax selling and people with s-term horizon
Interesting. Wonder what door is opening. Any thoughts?
Yes fear and rumors move the market. Not a message board ...lo
Now let's close a few deals.l
Agree. I believe the high flyers are going to get hit really hard. Looking to add substantially as my pps is much higher. GLTA
With this new covid variant it is my opinion the market is going to get hit very hard. Oil dropped $12 a barrel Friday. The big question is how it affects our sector and particularly SHWZ.
The good news for our sector is we could see some positive developments with banking very soon. This I think would impact SHWZ very positive as we have some 15% interest loans and 12% loans. This with new laws could see interest expense come down huge.
I believe the market could easily drop 20% rather quickly. If our little gem gets hit hard I will be ready to pounce hard. IM9, the possibility is very possible. Not at all saying the sky is falling but the near term truly looks bleak in the next few weeks. Yes Doc it is possible to get some $1.50's but the $1.07 no way.
I want the long term capital gain rate. No selling here Doc.
Not forever. This to will pass. But yes the opportunity is now here. We just need to close on some of these announced deals
I doubt it seriously. Probably sideways as we do have buyers who will quickly scoop them up.
With tax selling now upon us I hardly see much upside for the remainder of this yr. unless we have banking news or something sector specific.
Who'd of thought we would be around $2 8 months ago with the Starbuds acquisition completed. I surely didn't think so.
Sector getting killed today. Do we hold $2 today?
Price to Sales
Lol...my belief is we are getting this purchase at leas than 3:1 p/a. Definitely bot overpriced for a profit 1st class operation
Synergies. Good perception. I'm impressed. Did not think of it that way.
Shelves are well stocked. I really like the fact that these are very successful businesses. Now shwz can take pro's and con's of both approaches and apply best practices.
IMO, the road is paved in gold going forward.
So sorry to hear about your wife. Losing the 25% income is nothing compared to losing her. The money is worthless without someone to share it with.
Whether 27k or 30k your last paragraph says it all. Hopefully with a little luck tour 8nvestment grows 50 fold ($100 per share) you can take your bride on a few cruises!
GLTA
PS Thanks for all your thoughtful input. Really appreciated
Dye is alive. The deals are coming and accretive.
I agree much more here than meete the eye. I did listen to Dye and q3 and he and Nancy were very clear that historically q3 n q4 are very similar thus not to expect much difference. Also said scg will not be an impact on results until q1. For me going to continue adding small increments as I do not think Dye will not deviate from the plan and buy 9nly companies that add value and synergies. I have not sold a single share.
Your post was well thought out and definitely on to something with drinks etc. as they will become a big part of the business as peeps migrate from smoking.
After reading that it probably is closing fate ot average for the day. Normally they do the last 10-15 days and do an average. Hopefully the market likes the news
Looks like Purplebee's was over 30% of gross sales last year. My suggestion for management is take them spin off and do a public offering retain 51% of company and do 10 mil at $10 and instantly $100 mil cash. Plus SHWZ retains control. $11 mil last Q. Obviously going to be $50 mil run rate q4 with oodles of growth coming.
Normally only adjustments if the price goes down unfortunately
Seems excessive to me. Almost 6 million in shares alone at $2. However,it bodes well for Purplebee's
Dye has this. Many small operators are gone as this whole ordeal helps out SHWZ. I am only responding as to why this hasn't taken off yet.
Longer term correct but currently sales peaked in July. We have had bothaugist and sept. down hope Oct. starts the new trend.