MariMed Inc (MRMD): It's driving me insane too. Sure ho...

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MariMed Inc (MRMD)

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Re: SmokeABull post# 3645

Thursday, 03/04/2021 10:26:58 AM

Thursday, March 04, 2021 10:26:58 AM

It's driving me insane too. Sure hope the fins are good. Starting to wonder why they would need so much financing from yesterday's PR. The third quarter of last year (see the year end new letter) they reported a lot of profit (millions) and indicated the 4th quarter would be good as well. If the company is making millions in profit why get more financing?

I also read the details from the PR. $42 million equates to around 61.2 millions shares of stock that will get added to the OS. Then you have the warrants. Best I can calculated they can exercise them and buy stock at ~$0.45/share. And on top of it, it's all "convertible, at Hadron's option". They can starting dumping stock today!! Which 1) the OS to rise and 2) the dumping of shares driving the price down. This whole financing seems bad to me.

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Recent MRMD News

Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:30:47 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:05:01 PM
Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/07/2024 09:02:55 PM
Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 10:06:10 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 10:03:37 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/09/2023 09:11:11 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:07:54 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 10:06:50 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 11:35:02 AM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/30/2023 09:24:42 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/30/2023 09:17:46 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2023 10:29:20 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/04/2023 06:45:17 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2023 09:13:09 PM

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