Getitgogone conspiracy investigative reporting
Per your comment below, yes, this actually is a game where companies can pick and choose what and how information is presented. Welcome to publicly traded companies. This was a “press release” that was indeed distributed to the press and was and still is readily available (all over the internet) for the public and investors to read. It never was on the Namaste website nor should it be. Optics is part of the game. This is negative news. Foolish to play it up on the site. It’s not a conspiracy, just a wise move and good business. This is exactly why you hire a professional investor/public relations firm. I’m glad Namaste finally has one.
Company websites are not designed to give the world the ultimate truth, they are designed to hi-light company strengths and attempt to attract more investors. Why do you think that every release by every company in the world has multiple paragraphs at the bottom explaining that the release has “FORWARD-LOOKING INFORMATION”? Go look for the press release on the Aphria website announcing that CEO Vic Neufeld and co-founder Cole Cacciavillani are stepping down amidst their allegations of wrong doing. I’ll save you the time, it’s not there. You can find it in multiple articles all over the internet but not on their site. That’s how it’s done.
I have more confidence now that their hired investor/public relations firm (Incite Capital Markets) is handling company business professionally and much smarter than before. I agree with the pros, it shouldn’t be on the site. If you no longer have confidence in Namaste, then you might want to go invest instead in all the other super honest companies whose websites are full of “honest” negative news. I’m sure you can find many great ones out there.
I just see this as another sign that Namaste is becoming more professional as they grow. A weakness is becoming strength. Thanks for pointing out their progress. Go Namaste!
From: Getitgogone
“Why are they hiding it? Why isn’t it on their website? Why should I have any confidence at ALL of their “other” Prs are on the website?”
“This is not a game where as management of a multi-million-dollar company you get to pick and choose what news releases you will make available to investors and the public and which ones you won't !!!”
