I was around when we were making a few hundred thousand in revenue. We said, "just wait until they make over a million!"
That came, then they took more from the company. We held strong and said, "just wait until we have 5 million in revenue!"
That came, and then they decided to take larger bonuses, and larger salaries. We said, "wait until the dispensaries are open! When there's over ten mil in revenue, even the crumbs will look good.
That came, and then they decided to issue more shares, both to themselves and to shareholders. Free for them, paid for us. We said, "that's okay! Wait until we have tens of millions in revenue. Everyone will want a piece and be shareprice will skyrocket!" We all saw the future. We knew it would grow. Everyone loves weed. Everyone loves money. We believed! And then they decided to take more. Tens of millions more. Shares sold and gifted back to themselves. Shares issued over and over, keeping stock price in a stalemate. The only people winning are market makers and Derek's crony friends. We said, "wait until the yearly report! That will show them!"
That came. Now we say, "wait until the next dispensary! Wait until 100m revenue! We will be king!" And that will come. And it will go.
When will I stop? When Derek restructures or sells or goes bankrupt. All three are disastrous for the long term investor. Your long term gain will look like a dead pulse.
I've been here for a while. Nothing new. I'll be back in a few months to see the new(See: same) rhetoric.
JMO,
SSC
