OK, that actually makes perfect sense and adds a lot more questions. I feel a lot better about my uncertainty around their lack of transparency and honesty. This used to feel like a steal of a stock and now that it's bottoming out (hopefully), it somehow feels borderline worthless. Maybe that's because I'm feeling less and less comfortable playing the long game with these clowns.
But I bought most of mine well north of a $1... so here we are. I agree with whatsup23, this is toxic AF. What happened to these guys? They obviously don't care about shareholders. This seems like an elongated pump and dump money grab. As much as I've heard nothing but utter incompetence from Akerna, I kind of hope they win. They seem slightly more open and sympathetic than these guys. Maybe I'm just sore and speaking out of turn, but I think this covid stuff has me looking at life priorities.
So I get that things happen and don't always go to plan, but using certain things to hype us up into buying more shares when all they are doing is sell at shit prices paints a pretty clear picture. We are in a pandemic, and there are plenty of other reasons to postpone these sales... that's a load of shit, EBITDoobie (Venegas' proxy).
I want some answers and I know NobleRoman does too at the very least. I hopefully some get addressed on the earnings call. I hope the numbers look good too, but at this point my peace of mind from these guys is only going to come from them coming clean and not posturing shit numbers on bad faith. If the problem isn't the leadership, they need to prove it. But at this point I'm thinking they need to do what's best for the company and step the fuck aside or fix whatever they are doing.
Questions I have for them:
What happened to the Vicente Fox thing? Be honest. Or did he revoke his agreement because of their lack of transparency and honesty? Either way, I'd say that's pretty substantial information that should have been put out there. I feel like the SEC would more than frown on this.
What happened with the other board members and leadership changes? This all seems murky and buried. I guess this is their prerogative, but it seems like they have some levels of seriously toxic shit going on and it's driving people away. Looking on LinkedIN, I see more and more of the BioTrack side going away. It'd be nice to know if they are leaving willingly, being forced out or what... some of those folks were leading the industry for 5 or more years. This industry talks. It's much smaller than it seems the bigger it gets If this is the direction we are going, we should be made aware. They need to own it and make it a defined and confident plan because all they are doing is creating doubts.
Whoever said the biotrack contracts don't just go away... why not? There is no obligation for any of these states to stay with them if the scope of the contact shifts even a small amount. If they go from medical to adult-use, they can phase the contract out and not renew. If the size of the project changes and the scope doesn't cover that... poof. Hopefully they still have the leadership that was doing government contracts in place (I don't know their employee make-up but looking at linked-in on departed employees it looks like at least 6 of their government lead folks are gone over the last year. Hopefully they have some consistency. I know when I was a contractor for 3 years in Denver most of our bids had major points awarded to the experience of personnel and points of contact. If there's that level of turnover it's possible.
I haven't heard anything new about Americannex or the new Biotrack in a long time. How are those coming? I remember reading articles about Biotrack and how unstoppable they were, now all I hear about is Akerna, Leaf Logix, Green Bits and Metrc. Where did BioTrack go?
What is the status of the pending lawsuits against Helix TCS? Like Noble said... just own up to everything so we can know the folks we're getting into bed with a little better before we catch something...
You guys have any other questions or topics to put out there before the earnings call? No that I expect anything to be covered at this point.
Rant over...
