Stockholders of GBLX, It's time to STOP issuing opinions about the worthiness & potential of the Co. & look both @ the options & the facts sorrounding the dismal failure that has plagued GBLX up to this point. Fact:{1} The PPS has plunged to the same low levels{23C-25C} that it was before it became noticed & trading activity took off, unfortunately, GBLX now has an ADDITIONAL Hundreds of Thousands of shares it did not carry @ the onset of this fiasco. {2} The ACTUAL GROSS profit for GBLX ending in fiscal 3/2018 was $1.728Million, BUT GBLX carries a $5.7Million INTEREST expense that it must service.{3} Financing Activity Ending in Fiscal 3/2018: $$$$ raised by ISSUING Common stock & warrants{Read DILUTION}$7.2Million. NET Cash provided by FINAMCING activities $18.54Million, which INCLUDES the above mentioned $7.2Million. {4} Stock ISSUED{Conversion}to PAY Long Term Note{Debt}$3.8Million. So where do we go from here? or maybe a better question would be what's management really up to anyway?? If you study penny stocks to any degree, you'll find a common thread through out all of these "we promise you the Moon & Stars". Once the hype & market
irrational exhuberance have dissipated & the stock falls to its normal LOW levels, because it lacks any vision for needed & immediate cash flow, it resorts to ISSUING STOCK to COVER Expenses, then the CEO gets on a "Paid For" financial interview to promote sales of the new additional stock{Sound familiar so far?"}. Once that additional tranche of stock has been sold & used to pay day to day expenses{Since revenue is too small to cover expenses}, then comes the next phase, either MORE shares or a R/S & then they start issuing new shares all over to keep financing a losing operation to the detriment of EVERY SINGLE Stockholder. Loosers in this deal: ALL COMMON share investors. Winners in this deal: Management, especially the CEO, who walks away with years of HIGH pay + perks + bonuses + "golden parachute". Summation: Poss forgot WHO are the bosses & is now on this "MJ clinical studies & patent development kick", which COST $$$ that GBLX does NOT have & will take YEARS to fully develop & even more time to COMMERCIALISE & that does NOT mean it will be a FINANCIAL success, meanwhile, there are other MJ Co's that also have similar patents competing for those same $$$$. Sure, patents are "SEXY", but POSS forgot that you need REVENUE to defray everyday expenses. So here are the 3 possible outcomes: {1}A R/S to continue to suck $$$ from the market & stockholders lose their shirts. {2} We get really lucky & a larger more able MJ Co. buys out GBLX. [3} Stockholders become SICK & TIRED of uselees CEO Poss drowning the Co. in ever growing unsustainable debt & vote his worthless, useless management "I'm KING here" style into the trash heap where he truly belongs. GLTA Play it as you see it
AI
