The crypto hype will continue until the A/S is blown up and the new shares are issued. Disappointed holders will drop their shares, adding to the downward pressure. Those in the know will act on this as a buying opportunity. Then, a cork deal will be announced or hinted at and a new run will begin.
Sprinkled in will be disclosures about legal settlements that are being resolved by share issuance. New products and initiates may come up and will be funded with new shares issued as collateral. Rinse, repeat.
However, if a reasonable cork deal can be had, things will get very interesting.
If RCGR stays away from the weed sector, it may allow for debt obligations to be obtained from reputable sources and Guido can go pound sand.
If you believe the cork is real and a deal will happen, then moving the debt here makes a ton of sense for both tickers. The grinder will have been released from an unserviceable debt obligation and will be able to make a real go of it on its own.
A cork deal for even a few pennies per bottle will quickly remove ALL of the debt here. Do the math on 10% of the annual distribution of just one California winery.
- Insert rant here -
All in all, both tickers moving into crypto is a major disappointment for me. It highlights the opportunistic nature of questionable actions. No previous expertise had ever been mentioned in this area. I understand expertise can be purchased/obtained, but that doesn't seem to be the MO here. Personally, I would like to see formal separation of crypto activities into stand alone businesses and be staffed accordingly. - End rant -
