1. Not awesome - go read what customers are saying and doing on their social media channels, the competition is already receiving new orders this AM from what I hear, will people really continue to cheerlead for this performance and hold the companies shares
2. Most of these shipments had originally been scheduled for Q1 of 2018, now earliest is Q2 2019 based on this 5th delivery date change
3. What does that mean for those putting up $2400 today, earliest delivery date will now be Q1 2020, will they be an ethical and transparent company and update that on their website, and if not, what does that say about them and would you want to be holding their share
4. What are the issues? As I've shared here before, building and delivering a fully functioning fully automated grow box of any size is HARD, and Seedo is now finding that out, it gets worse from here before it gets better
5. If the issue is the product, what are the problems and why aren't they sharing the details, seems like full transparency would be the best course at keeping customers at this point
6. If the issue is not the product, then what, capital shortage when they just raised $2 million and paid off all their debts? Inability to be able to raise further capital form outside sources using that 485,000,000 extra shares they have laying around? Too busy killing the competition in the marketplace to bother with manufacturing and delivery? Too many deals to sign with actors, rappers, global partners etc to bother with such trivial stuff?
With such a tight float, this thing might hold up in the $3's or $4's until their next big milestone(which they will miss), but I don't see any catalyst for going higher and into the range some have noted like $7 to $10.
And this is just the first very public disappointment they will be delivering to customers and shareholders alike, over the next 18 months. The question for me is will they be able to fully resolve the product issues and survive in the market.
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