Chalice Brands Ltd (CHALF)

[JimofRidge]

In the American Cannabis industry the available capital needed to sustain a company has been thru the issuance of common shares, debentures and toxic financing. The only way to dig your way out is to actually make a net profit after taxes. Every dime has to be spent wisely in assets that will add to that revenue stream or the result will be continued losses. If a company sells off unproductive assets which it made errors in making their initial purchase and does not put that capital back into assets that will earn the desperately needed cash revenue the only result will be gross losses for the company. If that same company decides that a smart move would be to not put in place new revenue producing assets but instead announce that they intend to use that money to buy back common shares, when the company continues to loose money and now doesn't have that needed capital where do you think the company is going to end up? The repurchase of shares may also be done privately! I just wonder if this is just the ground work for some to sell off shares under the pretense that it was all part of a great plan to benefit the sap common share holders? I am grateful that our Management Team has put in place real revenue producing assets and are focused on products that are innovative and appropriate for consumer acceptance!