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I am also a long time investor. Everything that was said about Haas is true. Promised the world and undelivered in all situations. This company should have gone under and it didn’t. We have a new CEO who knows the business. He has not come out with big promises yet. We are in a better political situation then when the stock rose over a dollar. So, if a long time investor that condemns this company as done they should reassess the situation. This company has been around since the late 1990s and has shown resilience. That is quite important. Corning (GLW) has been the subject of doom many time in the past. They bounced back and is still going strong. Generally speaking, it is hard to kill a company.
The past payment of 2 thousand dollars and an additional 600 per week was used to day trade. With the advent of 1400 additional dollars for many, it just might do the same. Possible legal cannabis as additional fuel that can set this in motion.
Today was a reaction to a very overbought condition sector wide.
I think any insider selling must be reported to the SEC. I am not sure if it applies to greengro but all publicly traded companies necessitates a reporting before shares can be sold.
Thank.you!!!
The only thing he did right is he cut bait. I think he got schooled in local politics. The first unveiling in the spring was delayed because he could not get the correct permits. I think he hit a brick wall. It is amazing that this company is even alive given the news of blunders made by Haas.
Cbd industry is growing so fast that this and existing companies that are doing cbd s will continue to prosper. The problem is to see this project get off the ground. Is it real or more lip service from a CEO that had to put out something as the stock was , and still is dangerously low. We have screamed in the past that we were not getting PR notices. We have that at least. Haas's credablity however suffers greatly because of the countless big deals that we have heard about four plus years. not a single one has come to fruition.
Where was you source on that. A pretty quick settlement.
It was a complyance issue.
2 wrong statements
His position on the subject has not changed since before he ran for president.
The litigation does not have as much bite as some here think. The financials have in the past, and recent past, have reflected much if troubles that have transpired. Thier has been no cooking of the books so to speak. The moves to the upside for this stock reflects things that have happened industry wide. Claims of 49 million in deals that do not hit the income statements are suspicious. Also the company announced a change in direction by hiring a chemist from DuPont and nothing has come from that. Many have questioned why that change have also not been reflected in the income statements. This move does have an obvious answer which is that hiring someone to come up with cannabis related products takes time. It has been about a year since the announcement so if anything what will show is an increase in expenses because of research and development.
He said they had a record year. We will see. Great getting him to respond. He will not be showing a profit but he can show a reduction of debt.
I called him. He gave me his cell number. He was helpful. I did not get everything I wanted to hear but I was respectful and he was receptive to me calling him again.
Have you tried to call him.
I believe they already past epolex through a couple of years ago. This might be gw pharmaceuticals 2nd drug. I own that stock lucally.
That is a rumor.
No way that is a false statement. Haas is not appearing on cnbc.
I can not find that anywhere. I doubt it as well. Haas has canceled a conference call in the past and unless their is some sort of great news he will not be on. Please substantiate your claim.
I stand corrected. But the point is that audit firms and attorneys go through this routinely. Irregularities in accounting such as failure to report red flags is common place. This company has other sufficient worries to address which affect the bottom line.
So what? Back to cathedral. They have to sell to rectify the debt. Meanwhile they are developing that project to make it more attractive for potential sales. It will be the first area used for people to come and use pot recreationally. Compliance issues still are holding the permits on forward to July. Earnings or lack thier of will determine price in the short term. Why don't you call Haas and ask him directly about the attorney. I am overdue in calling him myself. This stock has been at these levels and below in the past. The company has been around for 20 years and is not going away anytime soon. Meanwhile the legalization of the industry continues to grow. Get the real facts instead of presenting a premature draconian scenario. I believe your points have merit but are coupled with creative writing rather than complete analysis. Again just call the company and ask to speak to Haas directly.
One reason would be day traders. Penny stocks being a favorite. They get out of their position when they leave.
The only problem is that what you are saying is simply wrong. CEO Haas has made some risky moves most notably cathedral but has done nothing shady. The books are not being cooked here. They do not reflect anything shady. They actually are pretty bad. Not dishonest. Also they are being audited presently which should be interesting. False statement should not be posted.
You are wrong. They have a third of the place leased and are receiving 8 thousand a month. Fully leased they will net 30k a month. Any losses on the book is attributed to Cathedral.
Again and again he owns too many shares. He can not be fired. The total market Cap is less than half of what Haas owns just in common stock.
Cathedral presently is vacant and thier is no pending deal on the table. The company is 4 million in the red which was the cost of that purchase. Every day the company is paying interest on the 4 million. Every day they are going onto this " dead wood" the more they have to sell it for to break even. Without cathedral they would be at cost breakeven and much higher stock prices.
The big problem is Cathedral. But I do not disagree with you. If he can get rid of Cathedral this stock will go up expeditionally.
Haas and top brass have too many shares to fire anyone! Why am I seeing posts by others that are suggesting this be done. It simply not possible.
Wow!!! Now if we can get cathedral sold!
Well put. Cathedral is the single biggest problem. 4 million in the red. Everything else does not matter. If he blows out Cathedral at a small loss the books will reflect a better picture.
That one takes time. Unfortunately. Also lots of competition in that area.
Neither
You can not get rid if Haas not unless you buy Greengro in its entirety. He owns too many shares. Call him up and ask questions. He will answer what he can. I was not thrilled with the responses but they made sense.
This stock is not a scam. If it were not for cathedral the company would be at breakeven. The audit takes a long time and the company is complex. Haas ownes 50 million in common stock and it is in his best interest to make it work. Patience is very tough. I bought in 2013 and giving it long time to catch up with a booming industry. Dilution is inevitable and be ready to lose before you gain.
Why don't you call him and ask him. Simple question
Not buying it neither am I but coming out with contradictions would kill this company forever in my opinion.
It still boils down to Cathedral. If he wants to jump start the financials then that needs to go. Grnh will be at break even.
So the project will maximize at 30,000 a month. It will help but only a dent. Right now it nets 8 thousand and a month.
In the short term I agree. The big problem is Cathedral. 4 million in the red and interest on that eats up any profits that will be derived. Either you have the stomach for penny stock or you do not. I have such.a stomach. For those who do not may I suggest GW pharmaceuticals and sleep better.
I am holding to the tune of 1,200,000 shares. I am not worried. I have traded and made some decent money. Company goes out of business I lose about 35,000.
I will in good time find out out everything I can. I know that Haas can not say everything but getting the stock up only benefits him the most. It also if course benefits me greatly.