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Re: tigerpac post# 740

Saturday, 02/22/2020 8:34:40 AM

Saturday, February 22, 2020 8:34:40 AM

Post# of 1524
Point taken. Guaranteeing pay for a peripatetic guy at $50K per qtr for two years is risky.

However, as way of perspective, Exactus spent $2,052,677 just in the 3rd quarter on General/Administrative/Professional/Consulting expenses. On such background, this guy wouldn't be the top of my concerns.

Right now their e-commerce site, exactushemp.com, is not on anyone's radar. It can't be found on any aggregated Lists of CBD e-vendors:
https://cbdnerds.com/reviews/cbd-reviews
https://www.austinchronicle.com/daily/events/2020-01-23/50-best-cbd-oil-companies-of-2020/

This kid is bright, personable, former actor... maybe, just maybe, this is the type of person who can generate the buzz and publicity to put their brand on the map. In any case, his compensation is disclosed, the guy is willing to put himself in front of a camera from the get-go, and people have enough information to form opinions of whether he is worth the money or not.

On the other hand, you don't have much transparency on whether the other $2M+ of overhead burn per quarter is spent on productive activities to create value. Frankly, it is highly questionable for a micro-farmer with an obscure website to burn through $2M+ on quarter in overhead...
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