This has been discussed on this very board in the not so distant past. Reading is fundamental, even for the self-proclaimed science geniuses with trillions of posts.
The tech is from Zylo Therapeutics. Everyone clear on that? Or should we gloss over it like the last time and then ask the same question a hundred posts from now.
Check out the CEO. Check out the history of that CEO. Read some of the papers. Scratch your head and wonder what it all means. Go back to the t-shirt business. Or to digging a ditch. Or learning how to read.
Annoying argument two: ohhhhh, the FDA is going to piss in this company's cheerios. This will be subject to fuckety fuck regulations. Bahhhhhhhh! NO ONE will give a flying fuck about this when people can inhale, ingest, vape, gargle, snort, smear, roll around in, or play with MJ however the hell they want to. NO ONE. That cat is way out of the bag, across the street, and lying in the neighbor's yard getting baked.
So let's review:
The old version of this company, the one that provoked so much bitterness, had a product which never got anywhere and a CEO who got into a bunch of trouble for unethical behavior.
After waddling around in the muck for a few years, the ticker got sold by a clever new CEO, and bought by a new company in a different industry.
That company also got stuck with a lot of clean up which appears to be cleaned up.
That company, like ALL otc companies, has done a capital deal. Some of you will hate that deal, some like me will hold my nose and take a deal. Without rice you can't cook; but some of that rice definitely stinks.
Whether or not this ticker finally get's off the ground, I don't know. But the constant undercurrent of "it's all a giant scam, none of it is real" is tiresome.
At this point it's a little company doing a little distro business and that has an interesting new product. I don't give a rat's ass about some twit selling jelly bellies or the latest vape cartridge with the party vibe no-one cares about. The market is saturated with that shit already. They should give that crap up IMO.
This company is basically about two things at this point.
Wholesale production and distribution of plants and distillates.
This product which may hold a competitive advantage at least for a while.
It's all about market forces and SG+A now.
