Chuck:
Your statements are based on emotion. Let me ask you; When insiders hold countless millions of shares, WHY would they not care about the price per share? It just makes no sense at all. Now...…...one can argue about execution and how that execution, (or lack thereof) affects the price per share, but to state that insiders don't care about the price of the stock is just not defensible.
We can never forget that EVERY single cannabis stock has been gutted this past year. NGW is no exception.
Don't misunderstand, I have quarrels with the company. I have been very vocal about those quarrels.
* Too many brands.
* Too skater-trash oriented....at the exclusion of all else.
* P/R department has been abysmal.
* Opening the CBD brick and mortar store in SD was a huge mistake.
What I cannot ignore though is that in little more than a year, NGW has gone from simply an idea to a functioning indoor grow facility, with incredibly valuable real assets and they are producing some of the very best cannabis available anywhere in the world.
Don't forget that some of the world's biggest and best cannabis companies have not been able to shore up their price per share. The sector is just not in favor right now. But it will be. I think that virtually all of them will be reporting spectacular sales numbers for Q2 and beyond. And if NGW can truly be cash-flow-positive this current quarter as they have stated they will be, it will be a game changer for the company and for the trading price.
I know it's frustrating as hell seeing this plummet over the past year. But for the past month we have been trading sideways...…...on very little volume. That could mark a bottom. I no longer see the sellers willing to unload at any price. When buyers come back in...…..and they will if we can turn a profit, we will be headed North again.
But all that's just my opinion. But then again, I'm just a dumb Carpenter so WTF do I know?
