Some beach.....Some where
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If 1.80 doesn't hold then its 1.60 then back to 1.20
Good post...maybe that's what's attributing to the significant uptick this week
Some early reports following the earnings call
Highlights:
Revenues and profits are up.
Lowlights:
Net loss remains.
https://seekingalpha.com/pr/18726532-planet-13-announces-q4-and-full-year-2021-financial-results
Looks like we're closing in earning reporting. Sweepstakes are open!
Anyone know where construction stands on the new site that NGWY was building?
Important financial reports coming up. We'll be looking for financial health and guidance from leadership on what the business goals will be for the upcoming year(s).
Important financial reports coming up. We'll be looking for financial health and guidance from leadership on what the business goals will be for the upcoming year(s).
Cryto...you seem to be in know...what's the current status on the construction of the new NGWY site? I've lost track of it
Where are their financial reports?
There was a reason why only 3% voted no
So when the conversion occurs, what will be the basis? The time of conversion or date of acquisition? The P13 stock priced has dropped since the acquisition
I got the same runaround
Just as P13 is tanking
This is looking like the old neighborhood
I found information and instructions through my brokerage portal. Thanks.
When's the vote? I got a call from someone querying my position on the upcoming acquisition vote. My responses were an enigma
Seeing is believing in the world of politics. Until you see legislation introduced and voted on, consider it smoke and mirrors; its just political rhetoric intended to charge up the base.
Seeing is believing with politicians. We'll know whether it means anything if it comes up for a vote. If not, its just smoke and mirrors.
If Congress changes parties at mid-term, legalization will never see the light of day.
Unless I'm mistaken, the cheapening of P13 only worsens NXGWF stockholders. The max ratio is .11xx... Some forethought would have been nice if they were to increase the ratio based upon worsening conditions occurring with P13. My $.02
I have some big questions about even P13.
How is P13 going to be different from every other cannabis dispensary that has to fight against: illegal weed grows, burdening regulation, controlled substance laws (Federal), and banking restrictions? Unless conditions become more amicable towards the industry, successes will be marginal...my $.02
I have concerns about this acquisition. NXGWY handled the business financials and operations well in my mind. They were profitable and eliminated debt.
With P13 acquiring all of the assets and intellectual properties, is there any guarantee that P13 will be able to continue to carry the model forward? Does P13 have a history of it?
I'm a bit leary
Your calculations are CA based correct? US would be much worse
I think a simpler formula would be:
100k NGW shares x .11 = 11k
11k x P13 stock price (3.03) = $33.330
Your profit/loss could be determined by your cost basis depending if your shares are under water or not
Well of course but that one is being gobbled up. What other?
Its intended to be a loaded question. The point I'm driving at Cali capable or creating an environment for prosperous cannabis companies? Demand is there...is the business environment?
Are there ANY growing and profitable cannabis companies in Cali?
Great...I'll put my limit order in for my cost basis....then I'm out.
For some this could be a positive step. If your cost basis loss is greater than the 11% of the P13 stock price, then you can expect some relief.
How much depends.
P13 still has to battle everything that NGWY has had to deal with: A highly taxed, over regulated state, with illegal cannabis sales. Until conditions change, cannabis growers in the state have a tough road to hoe.
So basically, we get about a 10th of what we have now (in shares).
Anyone want to ask me how I feel about that?
Has there been any discussion around intellectual property rights and where they reside. Does P13 get to retain all bioresearch and cannabis strains developed by NGWY?
I sincerely think NGWY was in a pickle. I think was in a position where expansion was fading because of the rising costs of construction and growth aspects were diminishing because of illegal grows. I think NGWY thought the best decision was to sell.
They were only thinking of themselves.
I have a feeling that the cost of expansion was also a factor in the decision. I don't think that NGWY was in a position to keep up with the rising costs of construction materials
I completely agree. Management gets the golden parachute and shareholders the shaft
I question how low will this stock go given that its essentially debt free and is accumulating 4M per quarter? I can't image that it'll continue the downslide too much longer.
The only question I have is: What is the demand like?
Bingo....Thank you HD
A buyout is not always a bad thing. Ask companies who've been bought out by Amazon, Microsoft, or Google to name a few.
I made mention of a dying company because it somethings happens. Companies, in any state are always looking for ways to remain afloat and relevant. Acquisition and/or divestiture occurs daily for a plethora of reasons.
Bingo.
NXGWY becomes an attractive target because of its high end products and cash in the bank.
Think of what would happen if NXGWY products were moved into ready made infrastructure? Cha-Ching.
Depends on what the exchange is. If its stock in a company already dying...no. Likewise if leadership is not shareholder focused.
A big item point out is the zero debt with liabilities only. The bank account is going to grow quickly.
This is a great plan as they begin move towards financing the new facility.
It also makes them a target for acquisition as well.
I think prices are down because the sector is in the tank. NXGWY is currently swimming upstream
Perhaps a bump will come when Q3 earnings are released.