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Thursday, February 28, 2019 1:29:08 PM
And I've been upset, on and off, in the last six months since I began investing in LIHTF. At one point in December, despite my supposedly good timing, I had lost over $50,000 of my $100K. But I didn't sell a share because in the past few months, certain facts and trends began to emerge. Clearly, the new CEO is set on turning things around, and there is some new management and old management that are getting on board (actually have already gotten on board).
I suspect that certain bullshit shenanigans were going on a year ago (and longer ago) with some management personnel that have been rightfully exiled from the company. In a sense, the ship has finally been righted and is now setting sail towards a future that, frankly, is very hard to replicate with other fledgling pot companies.
Yeah, there are a ton of projects in the works. Some may fizzle out. Some may be sold. But if even half of them come to fruition, we'll have more fruit than we know what to do with.
Look, I'm an idiot, but I think even I could begin guiding Liht towards a successful future at this point. Right now they are doing things the right way. Right now they are generating actual revenue that appears more profitable than most. Right now they have very positive movement in multiple initiatives that had struggled a long time in dormancy. Not so a year ago (though the seeds were being laid).
To some degree, being "late to the pot game" brings advantages that weren't so obvious early in the game. Like the LED lighting and the growth monitoring science. Whether by planning or by accident, Liht is able to test their growing and commercialization activities on a small scale prior to ramping up exponentially to larger scales.
Were they the right company 18 months ago? No. Did they make some bad mistakes? Oh yeah. But did they fix the issues? Did they learn what didn't work and change course? Did they finally nail down the right combination of personnel, science, planning and strategy? The answer to that is very close to yes. It may still move a little slow. They already diluted the company a bit too much, and they'll have to pay for historical mistakes.
But I think now they see the light at the end of the tunnel. The light is growing brighter and helps illuminate the obvious things they need to do in order to continue growing their small successes. This is exactly where you want to be. I know I am exactly where I want to be.
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