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The way this news release was played is ridiculous and it's costing us. You don't play it up like you're going to have a gourmet meal and then serve people peanut butter sandwiches. Something that should've popped our stock is giving us a haircut shame on next green wave. Mike get some help with how to work with the capital markets. Yes you're a pot guy but I'm sorry we also expect you to be a CEO who looks out for share holders value. This is not field of dreams build it and they will come, please get I'm one of your best supporters but you need to get someone in here who knows how to work with the markets. I'll shut up now.
OK let me put this out there. This is a great announcement absolutely great announcement but not worth stopping trading of our stock. It would've been a great release for a Monday morning. I think Mike is a wonderful grower absolutely the best but in terms of how he handles capital markets I think he's missing the boat. We are only trading at 2.5 revenue that's ridiculous. Sometimes you have to court capital markets and I think he's doing none of that. I get profits, profits, profits and I agree with that but you also have to find and bring in investors. We're selling two things cannabis and a stock called NXGWF
so what does .31 mean---.62
Do they announce what time trading will resume?
Nice very nice--how soon does the Stock resume trading?
What you mean a look at NGW future? So does Nocal look more likely/
It could show 00 means nothing when trading is halted. My Charles Schwab just shows the ending bid /ask from yesterday. We won't know what the opening price will be till we see the news.
Hunterdog good digging I hope we all dig gold today.
Paul chow with a genetic Pharma company
I sure hope with NorCal. Seem to be like minded people.
Harpo how would they do it pick up the cost of building out?
I don't think they would halt trading it for an announcement like that to you?
Hunterdog--what do you see is the best way they would do non-punitive financing?
Maybe we would become a subsidiary of Red White and Bloom, and their finance our build out.
When do you think will get the news? What time? This wasn't what you heard about when you did the tour?
Do you know where they have their grow facilities I know they have the big one in Illinois. Could we take over some of their grow space? I also have a hard time seeing Mike selling the company and less he gets a very good premium.
I think so too! We have everything they want. What do people think of the fit? If they do it needs to be a one for one. One of our chairs from one of theirs.
But you said it's because you thought it was good news why do you think it's good news?
My worry is an outbreak of Covid at the facility. Totally hoping it's about expansion or merger.
Does anyone have any idea what the news is? It was halted after the market closed which is interesting. Can anyone help make sense of this? Is it good or not good that the information will be released on a Friday?
Irish Thanks! Good job! But a smile to my face just like the action on the stock today
Someone loading up?
The good news is that Mike seems to be a man of his word. So I'm sure will get these two reports that Hunterdogs talking about.
All this talk of $5 and high multiples is nice but when do people think we're going to break .30 and stay above it. That's all I care about for now. If you're not biting on the elephant you're not going to be swallowing it. I thought that would've happened by now. And that article had Next Green Wave at 1.68 by now and all rooms and the greenhouse built by end of 2020. Stock seems just to go up and just a bit (now) when it proves it can grow profits. For this to make a good move up we need crazy good news. Expansion news, selling of seedlings, and expansion of our grow rooms by 15% as we move into manufacturing of our brand.
Irish002--now you've got to do a night before Christmas theme.
Don't you think it's more likely that they will build out Facility D and then built Facility B it would be less cost and would get more product out quicker much quicker. And then we would easily have profits enough to finance the building of Facility B by ourselves.
chuck--one of the common characteristics of people who don't live in the real world is there always on and off about how they live in the real world. I don't think we know what will happen in the markets what we can focus on is what is the company doing and it seems to be meeting its goals which to me will mean higher prices in the future for the stock. I look forward to seeing what their plans for expansion are especially how it will be paid. Would buy more but I've used up my allotment for this Stock. I make it a firm policy when somebody tells me they know the truth to quickly turn and run. I thought it was a good conference call.
I just don't understand some people the more positive things seem to be going for NGW the more negative they seem to be. It's almost as if success scares them. I also don't get how some people think they're entitled to have a stock just go up and up and never have any consolidation times or even down swings. I've made my most money on and in NGW because of the downsides. I was nervous and held my nose but thank God I bought a bunch at .5 and at .10
And my conclusion is clone master is just a disgruntled employee. I'd be surprised if he even owns any stock. He reminded me of a guy in high school he thought it was cute to leave a turd in someone's pool floating then he would leave. There are those guys who smile once decide it's not for them and never smile again. They only know how to be negative. I'm glad that's more rare on this board than others I been on.
How the pour go?
Hunter--Why were you pretty sure there would be no dilution for expansion funding. And how do you think they'll do it? I'm wondering if they'll be building outside greenhouse first that's cheaper can bring in monies grow a lot of pot and be up and running much sooner then build another inside grow building. What do you think the expansion news will do to the stock? Your thoughts
Cannabis Futures--thanks so much for the link to the transcript very helpful the call went so fast it's nice to have something to read over to see what was missed and what was heard. Again thank you for the additions you make to this board.
My take on the conference call. I thought it was quite successful they mentioned record sales continuing. They addressed the changing of board members as part of transition of company. They reinforced that they're going to continue building brand. They said they would be an announcement about expansion by end of year. They said it would be non-punitive terms of how they would finance expansion. Non-dilution of shares. Little on specifics of where growth was taking place. They also talked the building C for right now would be used for manufacturing purposes not extraction. Also that at the first of the year or by the first of the year it wasn't clear to me they would be selling nursery stock created by the Bonicelli technology, another revenue stream.
My personal guess on expansion I believe they will be developing the outdoor greenhouse first and being able to use the profits were making now to do that. Then and this is totally my speculation from the revenues the greenhouse brings in they will finance another indoor grow house. That they will mainly be their own bank.
Would love to hear others take on the conference call.
Also had used the term "outside growth" so sounds like the large space to be developed.
Clonemaster are you going to be on the conference call tomorrow?
Harpo --are you going to be listening to the conference call? My question is if you do could you do a summary for the board here; you're really good at that?
"• reviewing opportunities and strategic acquisitions with a view of enhancing
shareholder value." Hummmm
I send them along--Maybe Harpo could do report on call if he will be listening he is really good at those things.--Hint Hint
Here are the questions I sent to NGW per conference call I'd like to see what others are sending.
Here are my questions:
*--can you give us specifics on how things like carts, edibles, pre-rolls and concentrates are doing. Like we're selling about 20,000 carts a month or edibles are they now in all dispensaries and we're seeing sales of 15,000 pre-rolls a month?
*--how many dispensaries are we in and do we have a growth rate on this?
*--where does everything stand with expansion is it just at the talk stage or are we close to making a decision.
*--do we have any major partnerships or are any in the works. Is that even a direction we're going?
*--are there any plans for going beyond California?
*--what are the companies thoughts on how decriminalization and legalization nationally will affect us.
*--estimates on revenue for entirety of 2021
*--Will there be more board members added and if so what type of people are we looking for?