SOLD my entire position. All previous thoughts and price projections should be considered void. The conf. call yesterday gave us all the information we need to know. They may have planted approx. 30 acres and will only harvest approx. 4-5 acres based on plants per acres. The average professional hemp companies have a spoilage/loss factor of less than 10%. These clowns are at approx. 70%-80%. My guess is that the quality is also not there and maybe the entire crop sells for bulk. They have a seed problem along with an expertise problem, a honesty problem, no apparent assets for VAXA for which they received shares, 2 sku's, no growing or extraction experience, and little to no capital. The current management has a history of fraud and now imo has admitted that the entire operation that they brought to the table was on paper only. Once again the previous management made bad decisions and imo no dam will be built or financed and the 1000 acres are a pipe dream. My concerns regarding irrigation was confirmed and never did I hear about drip irrigation which is a requirement for high quality hemp/cbd. Amateur hour period. Not with my money. Bankruptcy within 36 months or less would not be surprising. This is my last post regarding this stock. Good luck to all.
