Unfortunately, the track record suggests there could be over 200 million shares in 2021 January. And then back down to 20M after yet another RS?
One of the yearly reports from when Ron was around had the admin costs at about 5.8 million dollars. The next year that figure was halved to just under 3 million dollars. What was that for? It was Ron and Nello and a couple other guys, how could they rack up 6 million in spends?
Some dude on this board 6 months ago suggested this is a shell company.
They've increased the value 0%, even sold the Seattle store and issued 90 million new shares in about 12 months time. New guys, that is anyone on this board since after May 2019, welcome. You might be here at the right time. After the next RS might be the real right time to buy, like you said BDIY.
These guys don't care about prestige among colleagues. Money is what motivates Ron, Nello, Chris and whoever else. The 10% of shares to CEO is pure madness and reading a bunch of people critiquing this about stock, as well as other sketchy factors, 12 months ago, I was too blinded by hope to sell. Pennyes, Quigley...we've all seen this thing bloat shares by a factor of 5. Of course the share price is rubbish.
How are they going to pay for the stores? A traditional loan? A loan from Nello's Jersey guys? Dilution. If this goes anywhere near $1 ever, I will be very happy. I live in Boulder and think the store is amazing, but the company is made up of selfish, deceitful humans.
