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That is an interesting observation. I had not considered the possibility of a merger or an acquisition. If I remember correctly, the original announcement was that the new management had "acquired an equity interest" in the company, however, I am not sure how much of the equity they acquired. It would probably have an impact on the possibility of a merger or acquisition.
This news sounds eerily similar to the behavior of the previous managers.
I found it interesting that this announcement was "hedged" with the following:
"We will be retaining a Cannabis Attorney to lobby our interests and to acquire the necessary licenses. "
I believe that Shareholders would welcome an acknowledgement from Management that the formation of a subsidiary does not guarantee success.
I would be willing to give the new Management Team the benefit of the doubt. If they fail to disclose further information prior to the end of the month, then that would change my mind. As has been stated , this team certainly has the potential of being better managers than the previous team of Strickler and Johnson.
We may be waiting for quite sometime, Grande Drip, for some "real" information or updates. The original Tweet that prompted this latest interest in TMSH indicated that further details would be made AFTER a statement was issued by the Management of TMSH. Look at the track record of Johnson and Strickler;
-They have never called a Shareholders' Meeting,
-their last news release was in May earlier this year,
-The latest Quarterly Report (second quarter) was in July of this year.
If the new Management team is waiting for an announcement from TMSH, we may never hear of their plans, if any.
On what basis do you reach this observation? I certainly agree with the former leadership of the company; remains to be seen on the new team.
I am not surprised that Mr. Johnson "side stepped" your inquiry regarding an update to the shareholders. What is surprising is that he would refer you to Mr. Strickler. Last I checked, Mr. Strickler is neither an officer nor a board member of TMSH. How is it appropriate for Mr. Strickler to speak on behalf of the Company?
The "STOP" sign has re-emerged. I am not sure how Management's persistence is positive.
Probably not; Johnson and Strickler have been less than transparent since the time that they started. They hide behind a supposed "NDA"...such nonsense !
The re-introduction of the "yield" sign may be having an impact, along with the lack of any public information.
Shareholders have been asking those questions for years !
Is this the news that you have been waiting for?
https://backend.otcmarkets.com/otcapi/company/financial-report/225577/content
The yield sign has re-appeared.
I, also, found it curious that Mr. Strickler has re-emerged as a director of the Company. Perhaps I missed it, but i do not recall seeing any announcement that he had been "elected" or appointed to the position. On the other hand, I am not convinced that he had ever left ! I am also wondering if he is the source of the $850K of short term loans from "affiliates". Money generated from a convenience store or perhaps Slixco?
There are two important words in your post, allegedly and imminent. For years, the company has been making promise after promise without anything coming to fruition. The only thing imminent with this Company is a continued lack of transparency, good business practices and honest management.
Given Mr. Johnson's track record, you may be waiting quite awhile for that next PR.
I am not sure that Kent ever left. I have long believed that he has been the driving force behind the scenes.
Agreed. We have heard similar stories from the company before; nothing comes of it. Move over Mr. Johnson, put in a REAL operator !
Here is a suggestion for your consideration, Mr. Johnson. Why not hire a business broker to sell this shell. You certainly do not seem interested or able to do anything with it !
Makes me wonder if SLXCO is still operating?
NOT THAT I EXPECTED ANY CHANGES, BUT IS THERE SOME REASON, Mr. Johnson, THAT YOU HAVE NOT FILED the financial reports for the third quarter ending September 30,2017 ? Do you understand the meaning of fiduciary responsibility?