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Tuesday, December 22, 2020 10:56:41 PM
Bank loan? Can't do that - it's illegal.
Maybe Kiran can sell oranges & flowers on a freeway on-ramp?
Bottle & can drive?
Lemonade stand?
Please share your fund-raising ideas so that I can pass them on to the execs and inform them there are other ways to raise money.
If you do some digging, you'll probably find that Elon Musk didn't pull billions of dollars out of his own wallet to build Tesla, and Jeff Bezos didn't use his proceeds from running a lemonade stand to build Amazon.
I seem to recall that they sold shares of their companies on a stock exchange and used the money from investors to build those companies. And they didn't grow as big as they are overnight or in 18 months - it's taken many years. Last I heard, investors were quite happy with the way things turned out.
Halo now does cannabis business on 3 continents and in five countries. Within the next two years they may also be distributing or selling psilocybin in Oregon.
I'm not gonna wave my pom-poms like a cheerleader for Halo, but I do think the long-term outlook is sunny.
Though I do wish I'd have sold shares at .30, .20, .15, .10 and .05.
We're at .045 now. If you think it's going to .03 or .02, then it's irrational to hang on because it's too low to sell now - .025 would be another 50% drop from today's close. Which means instead of having lost 90% of your value, you'll have lost 95% and wish you'd have sold at .045.
When's a good time to sell?
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