Chalice Brands Ltd (CHALF)

[JimofRidge]

During one conversation that I had with our CFO Craig Eastwood, I had mentioned how little cash on hand their company had and that our cash is all that they really wanted. Craig told me that they do have some assets that could be sold to raise some cash so they did have that. Well they did sell an asset for $6+ million but did they hang on to the cash to support current operations? Absolutely not! They immediately went out and purchased another asset that will not be producing any revenue for some time! I don't think that Mr Eastwood could have imagined that this is what they would do. Imagine how the $12 from GLDFF will be spent. Every time a current GLDFF sells their stock guess who just might be purchasing that stock so that they will have voting rights regarding the merger if it comes to that. They are quite possibly buying up our stock to stack the deck against the remaining shareholders. Right now they are going to have to purchase back a lot of their own stock just to keep the stock from free falling. Think about it!