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Halks1122..Ha Ha Ha..Normal? I've Never Been Normal. That's_Why_I've_Excelled!.EOM
My $65,000 Investment In TGOD Might Go To Zero Or One Day to $650,000+. I'm blessed to have the financial means to let TGOD play out until its final conclusion. We will get a good sense of which conclusion will be more probable before the end of 2020.
I Wonder How The Board Of Directors Are_Reacting_To_This...
Here Is The Transcript Of The Fact-Based CC Question Asked By CIBC...
[NOTE: The Highlight Of The Call For Me!]
Operator
Thank you. The next question is from John Richards [ph] from CIBC World Markets. Please go ahead.
John Richards
Good morning. It's John. Listen, fundamental issue guys, like you said, is that -- you were a construction company until late last -- until last year. Brian, my question is for you; like under your watch you spent approximately $400 million on two greenhouses, basically in the middle of nowhere that you would maybe get $0.30 on the dollar for today. Because of this we have no money at all say for this exact rainy day, and I know hindsight is 2020; but you as a CEO and gatekeeper of over $400 million dropped the ball in your vision and leadership and you cannot blame the market for your continued failure to meet deadlines. And I'm not sure if you're aware, but shareholder confidence in your leadership has fallen to almost zero. The only person making millions of dollars a year when the rest of us have lost 95% of our investments is you, and we feel it's not fair. And my question is why have you not stepped down as CEO?
Brian Athaide
I know where you get to making millions but the -- I mean, we are focused and I am focused on resetting given the new market realities and turning this around. Yes, we did spend a lot of these facilities, the estimates of where the market would be is very different than where we are today. We've recognized that, we've made changes to our business plan going forward, and we're really focused on delivering that. Myself and the team, we realized we are behind where we had planned to be, and we own that. And right now the biggest thing we can do is deliver this plan and get to profitability as soon as possible, and that's what I'm focused on and that's what our team is focused on.
John Richards
That's all I had to say.
TGOD's Projections: Cashflow Positive-2020; Profitable-2021..SOOOO..It is more likely that we will be Cashflow Positive in 2021, and Profitable in 2022. So, Longs our time if TGOD survives will be 2023. This lag will give any Longs much more time to cost average down if so desired.
And Now I'm ONLY Down 81%..LOL...EOM
Wow..TGOD Closed Up 25% Today. It's Now $0.25/Share..LOL...EOM
GOD..PLEASE Don't Let The Coronavirus Hit TGOD. If_So,_We_Are_TOAST..EOM
This Is A HORRIBLE Time To NEED Money._World_Is_In_A_Panic...EOM
TGOD's Market Cap Is Currently $64 Mil. $300_Mil_Would_Be_Welcomed...EOM
Why Aren't Insiders Buying At These 'Bargain' Prices?...EOM
5th Consecutive Trading Day Below $1. 25 More_To_Go._Then_NYSE_Notice..EOM
CEO Athaide's Last Vestige Of Shareholder Support Are_A_Few_On_This_Thread..EOM
I Own 50,500 Shares @ $1.29 Avg. Down_84%._OUCH!...EOM
I Don't Fear Bankruptcy-Low Debt, Valuable Assets. Dilution_Is_My_Fear..EOM
I Hate It For Those Longs Who Bought_Last_Week_Thinking_A_Bottom_Was_In..EOM
A Reverse Split Is IMMINENT...EOM
4th Consecutive Trading Day Below $1. 26 More_To_Go._Then_NYSE_Notice..EOM
A $25 Mill Equity Raise @ $0.15/Sh =_167,000,000_Share_Dilution...EOM
TGOD Will Need Approx. $25 Mil After April_To_Reach_Cashflow_Positive_In_3rd_Q..EOM
TGOD Needs To Generate $6 Million/Month To Be_Cashflow_Positive...EOM
Here Is The Transcript Of The Fact-Based CC_Question_Asked_By_CIBC...
[NOTE: The Highlight Of The Call For Me!]
Operator
Thank you. The next question is from John Richards [ph] from CIBC World Markets. Please go ahead.
John Richards
Good morning. It's John. Listen, fundamental issue guys, like you said, is that -- you were a construction company until late last -- until last year. Brian, my question is for you; like under your watch you spent approximately $400 million on two greenhouses, basically in the middle of nowhere that you would maybe get $0.30 on the dollar for today. Because of this we have no money at all say for this exact rainy day, and I know hindsight is 2020; but you as a CEO and gatekeeper of over $400 million dropped the ball in your vision and leadership and you cannot blame the market for your continued failure to meet deadlines. And I'm not sure if you're aware, but shareholder confidence in your leadership has fallen to almost zero. The only person making millions of dollars a year when the rest of us have lost 95% of our investments is you, and we feel it's not fair. And my question is why have you not stepped down as CEO?
Brian Athaide
I know where you get to making millions but the -- I mean, we are focused and I am focused on resetting given the new market realities and turning this around. Yes, we did spend a lot of these facilities, the estimates of where the market would be is very different than where we are today. We've recognized that, we've made changes to our business plan going forward, and we're really focused on delivering that. Myself and the team, we realized we are behind where we had planned to be, and we own that. And right now the biggest thing we can do is deliver this plan and get to profitability as soon as possible, and that's what I'm focused on and that's what our team is focused on.
John Richards
That's all I had to say.
Dagnabit!..When Is The Next 3-Card Monte Pump?...EOM
3rd Consecutive Trading Day Below $1. 27 More_To_Go._Then_NYSE_Notice..EOM
TGOD Is Branching Into The Value Space As_Premium_Space_Is_Dwindling...EOM
65,000 kg/24 Rooms Per Greenhouse = Approx. 2,700_kg/room...EOM
This Mgmt Team 2 Is Just Too Far_Behind_On_Everything_And_Needs_Cash..EOM
Serious Talk Longs: TGOD Will Likely See $0.10/Share_In_The_Future...EOM
Conclusion: Not Very Much Interest From Analysts These_Days._Out_Of_Favor..EOM
At Least This Time, They Admit An Equity_Raise_Before_May_Is_An_Option..EOM
WOW..THIS SECOND ANALYST JUST ROASTED BRIAN..WOWZERS!!!!...EOM
Conference Call Is Starting. I'm On. Let's Hear_The_Good_Good...EOM
50,500 Shares @ $1.29 Avg.--I Will Be Holding These._No_Fat_Lady_Singing..EOM
Wolf-Of-Weed Street Just Delivered New Commentary On TGOD...
A Tale of Two TGODs
https://marijuanastocks.com/a-tale-of-two-tgods-march-10-2020/amp/
Over the past 2 years I’ve had the pleasure and displeasure of getting to know two very different companies named The Green Organic Dutchman (TGODF) (TGOD). It would, therefore, be unfair to address each one of them in the same manner. This is not merely due to each of former & current management teams deserving customized messages, but more importantly, because neither team would know how to react to the other’s given message. As such, I have something separate to say to each of you.
The first one is to an incredibly calculated team, strategic in every way – operationally, intellectually and everything else in between. I admire their naked curiosity, the rich sense of wonder, honesty, shareholder loyalty, competitive and intractable spirit, and unrelenting introspective nature to figure it all out. They were as enthusiastic and gleeful and as an investor, they moved me. Team 1, my words are welcoming:
I am very grateful for the time we spent together from the 50 cent round, $1.15 round with a full warrant, $1.65 round with a half sheet warrant and the $3.65 CAD IPO with a half free trading warrant and $350 million bucks in the bank, earmarked for projects, opex/Capex. Our time together is a completely unique experience, from IPO day to $8+ just two months later, back down to $5 and straight up to $10 in September of 2018. A bought-deal above $6, which brought the company’s cash position to $400m even with an impending unlock that quickly got bought right back up and even with that unlock every shareholder from the private placements made a mint.
By March of 2019 the company traded back over $5.50 CAD which is where I exited the bulk of my position, not because of the company, but rather the time of year. I fully expected to jump back in over the summer, but at this point the new management team showed exactly who they are; fiscally irresponsible morons. While I am trying to focus on the positive side of this message, I just can’t. I find it to be overwhelmingly sad the way things seemed to implode for team two out of hubris or just plain stupidity.
I’ve resolved myself to understand these sorts of things happen within the confines of intense irrational exuberance and market instability. To team one, I say I love you and I will miss your sense of logic, fiscal responsibility and execution.
A Stark Contrast In Management
The second team I know is in stark contrast to the first. Although this one was also attractive and seemed to possess all the potential of the former, they are, undeniably, without rapture. Team two led by Brian Athaide chose only to show signs of emptiness, was void of shareholder compassion, and ultimately became reticent. And while I wanted to gaze past the unquestionably fragile and perhaps frightened veneer of this team that could not hold team one’s jock I simply can not. I feel little but remorse and even frustration towards this team and company now as they offer me no comfort, no hope, no love. My message to current TGOD management is without warmth:
I listened to your side of everything with slight indifference as you have become apathetic and insouciant towards the short-lived, but intensely emotional time your most loyal shareholders spent with the company. Your PPS has thinned, weed hardened, and your lack of voice speaks painful platitudes.
I try to understand your dilemma, but I cannot fully grasp your black and white, plain and simple judgment. You offer us no room to long for another way. You do not want to be honest with yourselves that you have squandered the good faith of shareholders and hundreds of millions of dollars due to sheer stupidity; mismanagement of funds. I therefore no longer recognize you as management. You have become little more than a footnote in my portfolio, an asterisk next to the dates when you showed just how worthless of a team you were when it really mattered despite so many people offering advice and a roadmap of what would come to pass if you did not act immediately.
So who the hell are the people running TGOD, besides a CEO that does a down round financing that hurts the long term shareholders, puts an extension on Valleyfield he has no way to pay for and ultimately burns millions of dollars in the process along with a CFO that I wouldn’t let manage my daughter’s lemonade stand? After looking at today’s financial report I will tell you that unfortunate timing is a poor excuse. You guys, from CEO to IR, suck at your jobs. It’s ok, I would suck at being a neurosurgeon, but then again I wouldn’t try to be something I am not.
The Time Has Come
To Brian and Shawn, you guys should resign or shareholders should call for a vote of no confidence, especially the shareholders holding size, still. You have taken a company that could have been so great and turned it into a pile of excrement. Save what little integrity you have left and do the right thing. If you want to create shareholder value leave TGOD, or expect to be mercilessly tortured on a daily basis by the markets, the shareholders, and yours truly.
Now since you’re incapable of listening to anyone, I think it’s safe to assume you won’t resign much to our complete and utter dismay, in which case at least fire the CFO. Seriously, he’s just garbage at managing money. If you don’t want to do that maybe extend the $3 warrants to make up for your stupidity. Do something, instead of smiling like a prepubescent teen at a Justin Bieber concert on BNN and saying everything is perfect…I still own some private placement stock and will keep it only to vote the CEO and CFO out at the AGM meeting.
Warm Corona Virus filled regards-
Wolf
TGOD Mothballed 65% Of Valleyfield--Wrote That Down, AND They Wrote Down Some Shelved Planned Production In Jamaica.
That line about accounting will allow them to reconsider the write-downs in the future if production is re-instated is in reference to these write-down items.
The Cash Loss For 4th Q Was $17_Million._Non-Cash=$128_Million...EOM
TGOD Might See The $0.15 to $0.20 Price_Range_Tomorrow._HOLD_TIGHT!!..EOM
Let Me Sum Up The Report: WE ARE_IN_TROUBLE...EOM
2019 Earnings Report-4th Quarter And Full Year...
https://www.tgod.ca/blogs/investor-news/the-green-organic-dutchman-reports-fourth-quarter-and-year-end-2019-financial-results
THE GREEN ORGANIC DUTCHMAN REPORTS FOURTH QUARTER AND YEAR END 2019 FINANCIAL RESULTS
BY THE GREEN ORGANIC DUTCHMAN
TORONTO, March 10, 2020 - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX: TGOD) (US: TGODF), a leading producer of premium certified organic cannabis, reports its results for the fourth quarter and fiscal year ended December 31, 2019. These filings are available for review on the Company's SEDAR profile at www.sedar.com.
Fourth Quarter Business Highlights
The Company:
Posted quarterly revenue of $3.25 million ($11.16 million for the year) consisting of hemp-derived product sales in Europe of $2.56 million ($9.88 million for the year) and sales from cannabis products in Canada of $0.69 million ($1.28 million for the year).
Sales in Europe increased across all product lines, including HemPoland’s newly launched line of CBD topicals.
Quarterly sales in Canada increased marginally due to limited production from the Ancaster facility. TGOD initiated production in its hybrid greenhouse in November 2019, with an eight-week flowering cycle.
Unveiled a new strategic, construction and operating plan, including a series of actions to reduce the Company’s financing requirements and to calibrate construction of cultivation facilities to align with the adjusted market conditions in Canada. In particular, the Company’s construction of its Valleyfield facility has been demarcated into smaller phases, while providing TGOD with the optionality to recommence expansion as market conditions evolve.
Received orders from the provincial cannabis boards of Alberta, British Columbia, Newfoundland, Nova Scotia, Manitoba and Saskatchewan, significantly expanding its Canadian distribution footprint. The Company also introduced two new strains of cannabis in Ontario.
Obtained a licence amendment from Health Canada, allowing the Company to launch cultivation operations at its Valleyfield facility in two zones measuring a total of 46,500 square feet.
Completed a bought deal financing of 36,800,000 units and 20,608,000 warrants at a price per unit of $0.75 for aggregate gross proceeds of $27.6 million. Each unit is comprised of one common share and one-half of one common share purchase warrant of the Company. Each full warrant entitles the holder to purchase one common share at an exercise price of $1.00 for a period of 36 months from the date they were received.
Closed a senior secured first lien credit facility with a commercial lender with the first tranche of the credit facility producing gross proceeds of $27.7 million with no principal repayments required for the first twelve months. The second tranche of the credit facility consisting of an additional $15 million may be advanced upon the achievement of certain operational milestones and approval from the lender’s credit committee. In connection with the loan, the Company issued the lender 7,000,000 common share purchase warrants exercisable for a period of 36 months following the date of issuance at a price per share of $1.00. The Company continues to evaluate additional financing options to deliver its operating plan.
Registered a net loss of $144.75 million in the quarter, ($195.75 million for the year) including non-cash impairment charges of $127.74 million ($127.74 million for the year) related to certain cash generating assets being built or used in Canada, and the Company’s investment in Epican Medicinals. These impairment charges are primarily due to market conditions, which have caused the Company to revise its near-term and long-term growth forecasts in the reduced operating facility footprint, and the strategic decision to forgo the expansion of its proposed cultivation activities for export in Jamaica in order to focus on its Canadian operations. As market conditions improve, and should the Company decide to bring additional cultivation zones online which would increase the expected recoverable amount of future cashflows, the non-cash impairment charges may be reconsidered and be reversed as permitted by its accounting framework.
Key updates subsequent to the quarter
The Company:
Streamlined its leadership structure. As part of these changes, the Company’s former President, Mr. Csaba Reider, and its former Vice-President of Sales, Mr. Mike Gibbons, departed the organization. Their responsibilities have been consolidated under existing roles.
Secured a research licence from Health Canada. Valid for five years, this licence allows the Company to reduce the cost and accelerate the pace at which it develops new products by eliminating reliance on third parties.
Received the prestigious Leadership in Organic Farming Award from the Canada Organic Trade Association. Organic Leadership Awards are given to industry leaders who have displayed exceptional leadership through their involvement in advancing Canada’s organic sector.
Started selling Infusers, a tasteless and odourless dissolvable powder that provides the freedom to infuse any food or beverage with cannabis.
Investor conference call to discuss fourth quarter and year-end results
Management will host a conference call with analysts on March 11 at 9:00 am Eastern Time to discuss the results. Participants may access the call by dialing 416-764-8688 (Toronto) or 1-888-390-0546 (North America); Conference ID 91797254. For those unable to participate on the live call, a playback will be available for one week after the conference call using this URL: https://event.on24.com/wcc/r/2207799/74CD098F440F5EBC55932459CBA28C58
Management Commentary
“While 2019 was a challenging year for the entire sector, we have made significant progress on the operational front and adjusted our construction and operating plan to preserve shareholder capital and
in light of changing market conditions,” commented Brian Athaide, CEO of TGOD. “Despite taking impairment charges this quarter, as we continue to evaluate financing options, we note that the value of our assets still far exceeds our liabilities. With our first 2.0 product, TGOD Infusers, now available, our teas and vapes launching next month, as well as additional launches planned later this year, we anticipate continued sales momentum for the rest of 2020,” continued Athaide.
About The Green Organic Dutchman Holdings Ltd.
In Summary, We Are In Trouble.
And TGOD's Earnings Are Coming In 15, 14,_13,....EOM
mx0000..I Retired At 47 Years Old Because Of The Stock Market. Sooooo, I'm betting that my genius is much greater than yours. Don't be late clocking in tomorrow morning.