True longs are just sitting back and waiting. This is a supplement company in the health food industry. Its ties with Dr. Tracy Holdford were for the nano technology for the absorbability of supplements. They were looking for a supplier of Hemp oil and products to add to there portfolio and combine with there existing products. Hemp farming and production is a new branch to this company, it is still a supplement company. If they do succeed is entering the farming and production field so much the better. I’m betting on supplements with the addition of hemp oil and products in the supplement line. These contacts for Hemp products were most likely looked for at the conference they just attended, as well as getting there name in the field noticed.
I am quite sure that Jonathan Bishop wants to make as much money as he can and is holding quite a few shares which can produce more money than his salary will if this company takes off. He is not giving these posts much attention, his concern is making this company work. That’s what all the take over battle was about last the last couple of years.
I have been long since mid 2013’ and have been adding to shares when appropriate and I will remain long. This company will start producing income, but not in the short term, unless they do merge or get into the farming and production side. My bet is the longer term income.
It’s only my opinion, but if some one already owns shares in the company, why sell this stock at a loss unless you need a write off for taxes for 2020’ which it would be to early in the year to be considering for 2020’. You only show a loss if you sell, if you don’t need the cash now why sell for a loss, this company is not dead which it showed by being in the Conference at Utah Cann 2019.
