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Interesting but she has baggage that’ll be exploited. She’s also a Harvest shareholder.
Pete, with me it’s not about jealousy or shorting or rooting for Trulieve to fail. I don’t like tilted playing fields or public corruption because someone operating honestly is harmed and trust is lost. That’s just me. I also have significant money in this and really really hope it takes off. Even if it goes up to $100 I still will have concerns about the board and CEO. When issues of integrity arise, we as shareholders must be vigilant to restore trust, otherwise dishonesty and deceit will be the order of the day. I would love to see integrity restored to Trulieve. I think we can all agree on that.
Jelly Bean,
I got concerned when I saw the CEO in court everyday with her husband who was charged with multiple felonies. I really started to look into it and didn’t like what I saw. If you’re ok with everything that has come out, then rock on! Me, I want a new CEO and a clean slate going forward. I really don’t care how well she ran things before. Integrity means a lot.
Your Friend,
Suprfreek
She is the Chairman of the board which means she decides who is on the board and what will be discussed by the board. If enough of them went against her they could probably push her out but doesn’t seem likely at least from my limited perspective.
You’re correct, I wasn’t here but I did own shares since around $7. I rode that out.
I really think the entire board is in it for the long haul. I don’t see them selling or moving on. Remember there’s little if any institutional ownership like pension and mutual funds that can move a stock in either direction. They, along with large hedge funds can also influence a board. Not likely at this time. As a shareholder I just hope we can clean things up and get back to business.
If Kim and her board want to see the stock rise, she should resign and turn it over to Mr. White from Harvest.
It was directed at another member of this forum, but thank you anyway.
First please accept my apology for my post that was deleted yesterday.
Now, look at where we are today. Integrity matters and shareholders must question management and hold them accountable. Anything the company or board says should be weighed carefully as they are NOT independent. Rivers is the Chair of the Board so puhleeze don’t tell me the board already cleared her and the company. Of course they did. This situation stinks.
I read it as the company is distancing itself from her husband while they show support for her vision. It amazes me that you seem to nave no Problem with any of this. I still call for her to step down. You can continue to cheerlead. It pisses me off when you say stupid shit like “we don’t hang wives for husbands crimes”. It’s not about that. It’s about her fucking integrity and shareholders money.
Can’t find it on Yahoo or on Trulieve IR press releases. Along with her role as CEO Ms. Rivers is also Chairman of the Board of Trulieve.
As expected - do you have a link?
I’ll be surprised if you get a reply. I’ve written them over the past few weeks and got nothing.
true, the falling price says a lot but, have you seen all the tweets? Even here, most posters show little to no concern for the issue of integrity and just want to focus on the numbers. Hope I’m not misreading your reply.
I just see them all (The CEO and the board) letting this all pass over through time, unless someone files suit. A lawsuit would likely be settled with cash which the company has plenty of. But I’m just speculating. I also think we might see an appeal filed by JT. I wish we could focus on earnings and expansion but I don’t think that will be the focus until the Board makes some changes to address corporate integrity……even though most individual investors don’t give a shit about that!
This isn’t about getting inventive with the FUD and has nothing to do with shorts. Cabos should be commended for following up on this shit show. He, and many concerned shareholders are looking for an end to it. Where does it stop? How will it play out? Share price is important but more importantly how do we put this behind us and have Trulieve on solid footing for the long term. It might get a little ugly getting there.
I think I remember someone here saying “relax, Trulieve’s board looked into this and determined that Kim and Trulieve have nothing to worry about”. Isn’t there a guy named Beshears on the board and isn’t his brother the former state rep that worked with Burnette to rewrite the rules? Just saying……
Granted, she did a couple of interviews after ER. But she’s been absent from her normal interviews and investor conferences because she’s been in court. Do you need me to explain any other FACTS to you?
You really are missing the point. Nobody thinks sales will slow or anything bad will happen to Trulieve. What is being said here is that this company was formed using questionable tactics and the CEO’s former business partner and now husband was just convicted on a number of federal charges. You can interpret that any way you want. In my opinion, that’s not good for this company. It’s what you call a “Distraction”, Have you wondered why we haven’t seen or heard from Kim Rivers over the past 3 or 4 weeks? Because she’s been supporting her husband during his trial. Her and JT have hundreds of millions at their disposal so there might be an appeal around the corner. Please understand my point - this is a distraction.
And you were consistently berated for even being concerned about this. As was I for calling for Kim Rivers to exit and allow this company to operate under new management with no cloud hanging over it. A few here felt I was way out of line and you guys even said we don’t hang wives for their husband’s crime. Maybe not an exact quote but close. So, how do you all feel now? The issue isn’t whether Kim Rivers did anything illegal, but rather that our CEO is married to and was a business partner with a convicted felon. By the way, I’m no wallflower- I’ve spent time in a Latin American prison and I know who’s who and what’s what. I too violated one of my investing rules. When investors become cheerleaders and stop being critical, move on.
I give up! Cabos stop posting about the trial cuz it don't mean shit to this crowd!
What bothers you about my post? Why am I offsides? Please explain because so far all I’ve ever heard from you is how great Kim Rivers is. Instead of getting personal, how about a serious discussion of the issue. Here is the issue: Kim Rivers is married to and a business partner of JT Burnette.
No speculation on my part. Fact: the CEO is literally in bed with a guy that pays his way into deals and intimidates legitimate business people. If this was about a few thousand here and there, it’d be different. This is about millions of dollars obtained through shady and illegal deals. Your CEO is his wife AND business partner. Again, no speculation at all. Kim might have nothing to do with it but she’s still his partner and wife. That bothers me and it should bother everyone. I have no problem stating that Kim Rivers needs to go but the board is probably very close and lacking in the will to change CEOs.
My issue is I can’t ignore this situation with Burnette and it leads me to wonder what they, as a couple and as business partners, are capable of. Of course there’s so much growth ahead and patience will pay off. Just concerned.
This matter is relevant, regardless of how much we prefer otherwise.
Our CEO is married to Burnette and was a partner with him in Inkbridge LLC. You can look it up on Sunbiz.org. There are more connections like the CRA.
Trulieve needs to be run as a serious above board publicly traded company that can continue operating without regard to who sits in the CEO chair. The board owes that to us, the shareholders. I think Kim has done a wonderful job communicating the company's vision and execution, but the company's success should not depend on her ability to communicate alone. I also have concern for the boards ability to deal with this appropriately.
What would you do as a board member of Trulieve? Think about it, serious replies are welcome.
This is really about integrity. Think about that.
This is just a snippet of today's testimony, and I hope you're right. But anyone following this knows that Burnette is corrupt and not someone I want involved in a publicly traded company that I own shares of.
Cabos, What's in the newspaper today? I can only see part of the headline. Requires subscription.
Aug 11 is the meeting date. Don't know when votes will be tallied and merger completed. I believe if you were a shareholder of record on or before July 12, 2021 you get to vote. I'll be voting to merge.
Just received notice of Special Meeting for Harvest shareholders. Also included voting instructions
Pete, I’ve respected your posts on this forum and appreciate your positive outlook for Trulieve but don’t you think there’s something bad about the CEO of a publicly traded company sitting in court supporting her husband when he’s charged in a federal indictment? I’ve never read one post from you saying anything negative about this. From everything I’ve read Burnette is a slimy character who will do whatever he has to for a buck. How many board members are tight with JT and Kim? Is Cabos the only person on this forum that cares? I’ve read you replies stating that this has been vetted over and over with no cause for concern…..until there is a cause for concern.
I find it hard to believe that everything Burnette has been involved in has been crooked, except of course Trulieve.
Pete, do you have some kind of special account with Fidelity? I called and they told me they only allow “settled” funds for purchase of OTC stocks.
My problem is having cash ready to buy. TD restricts deposits to my account for 3 days for OTC stocks. Anyone have a solution to that?
The Who cleared her? The board?
This stuff makes me sick. Especially after all the complaints about the Grizzley Repirt being a hack job. I don’t know where this will end up, but I hate being associated with it.
How about we restrict the politics to the impact on Trulieve and weed? Otherwise it’s gonna get real fucking ugly in here.
The changes coming June 26 affect all patients across the state. That means they ALL have to re-up by visiting their doctor. Although that might not impact the already dismal stock price, in my opinion, sales will slow. Don’t know about you guys and your friends but my stoner friends are procrastinators. Online renewal made buying weed easier. This change makes it harder. That’s bad for Trulieve.
The allegations against Burnett are certainly troubling and could be problematic for his wife (our CEO), Kim Rivers but what does it mean for the company and what it’s become? It now appears that some parts of the Grizzly Report were based on fact and not a “Hit Job” against Trulieve.
Furthermore, I think casting this story off as old news is not very responsible. I have serious money in this company, as many of you do, and I consider this information to be relevant.
Reads like the 2019 Grizzly Report. Are charges coming or is this just another example of a tilted playing field?
Qui Mo Sabe