Vert Infrastructure Ltd. (CRXPF)

[chemist72]

CROP has been misleading investors for a long time.

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.

Maybe they have learned a lesson, maybe not. I don't know. Its possible CRXPF share price could stabilize in the current range and that CROP will somehow find a way to obtain new financing and will also be able to generate some revenues in the coming months.

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.