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Thursday, June 25, 2020 9:26:38 AM
I’m sure at one point or another Rotmans was profitable in the past but they no longer are.
Rotmans is in the red and losing money bigtime YOY and they are highly leveraged as well. The Proforma fins that show the last two years of Rotmans proved that.
That is what made no sense bringing in Rotmans other than to give them access to investors to try and save the failing family business.
Honestly my opinion is Greg did it to try and provide a bigger story. In the beginning when this ran to .15 the AS was around 400 mil. So the story was great. Then they dumped over 600 mil new shares on to investors. Once the Proforma came out it was clear that Rotmans was goi g to be another lead balloon
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