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Thursday, September 26, 2019 11:28:01 AM
The one time they did NOT mislead investors was in their recent 2019 Annual Report when they stated the following:
The Company has incurred losses since its inception and has an accumulated deficit of $16,043,517 as at February 28, 2019. In addition, the Company has no sources of revenue and does not generate cash flows from operating activities.
I do not trust this management anymore and, therefore, do not believe they will be able to generate sufficient funds to pay for their operating expenses, at a minimum.
Therefore, I also believe that no matter how they restructure their business plan, they will have to resort to stock dilution to continue their business.
I have no plans to repurchase shares of CROP/CRXPF in the near future, but will be following their story as I still currently own a few shares. As of now, these shares are practically worthless and my plan is to sell them in 2020 for a tax write-off unless a dramatic turnaround in this company becomes evident to me.
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