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Re: None

Thursday, 02/11/2016 11:17:42 AM

Thursday, February 11, 2016 11:17:42 AM

Post# of 18295
The people brought on board are no longer involved with company. Rebranding never materialized. It seemed the large percentage of there business plan was geared towards a future unknown occurrence (federal legalization of marijuana). I just couldn't figure how a business today could thrive based on something of an unknown wait. It may be a year or 10 years or more before that happens. How is this company making money at the current time in order to maintain the business? The burn rate was too high on cash to pay the fat salaries. No respect for shareholders. Toxic financing. Multiple rounds of dilution. Imo this was a scam to begin with. Multiple rounds of dilution. Sad because the many opportunities in the sector. I believed in the vision of the snake oil salesmen.

In all fairness, the trigger factor for their business plan has not occurred and if it would happen believing what they say and the ability to execute and if it is adopted would be a great thing. They did make mention many times that they are an established company operating as a startup.

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