Detective,
Thanks for your input. Let me give you my perspective on the capital raise.
First, I should tell you that I made a substantial investment through the private placement at $2.00 per share. I have done this before with companies, and have done well 4 out of 6 times.....
The very first question I ask when I am considering investing is right out of the book from Sharktank
"What do you need the money for"?
17 million of the 24 million is needed to fill orders for the 2016 year. Thats what investors want to see. Money that will be used to service sales. If you can't fill orders because you are short of cash, then you can't make money.
Had they said they wanted to use the money for R & D or other testing or product testing or evaluation, I would have gone the other way.
Investors want to see their money being put to work making more money. The bottom line with Cannavest, and the industry in general, is that there is too much money here on the line to simply have each State govt and Federal govt turn its back on the legalization of the crop.
Cannavest is not on that side of the ledger....they are on the nutrient side of the hemp plant. The development of the various products and especially the development of CBD which continually shows promise to stop and at the very least curtail seizures in children.
Rand Pauls bill along with McConnell and the other bi partisan supporters is all about jobs for the farmers.....and we all know how bad the farmers are hurting.
State govts, are not about to continue to tax it's citizens any further....the resources that are available now with respect to hemp and the legalization of marijuana and the revenue that is generated is too strong....
Remember....Money follows Money.......Colorado Washington, and now 4 other states are getting involved.....23 states have legalized medical marijuana...Cannavest just needs to have the development of the hemp plant as crop....it does not need to have marijuana legalized to be successful.....If however that happens...then that will be the double home run......
This is all about public perception......if 61% of the country thinks marijuana should be legal then how many think that hemp farming and its benefits should be legal?
You see......No one is asking that question......
And that my friend is inevitably going to happen.....
