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Sunday, March 28, 2021 3:33:59 PM
The more they make, the more they spend.
Almost two years in I'm barely above break-even. And only that thanks to my spending way more money than intended to average down repeatedly.
I have better things to do with my money than loan it out to multi-million dollar companies FOR FREE.
Anyone can stroll in now and buy shares for less than 1/4 of what I initially paid.
The CEO never addresses shareholder dissatisfaction with the price, only once mentioning casually that he was working on it. And then what did he do? A couple of overnight dilution rounds that had the opposite effect.
And there are tweets from others who are disgruntled.
I thought it was considered material information when a deal falls apart. There was said to be a deal closing in 4Q 2020 that would make Halo the largest grower in Oregon. But it never materialized and was never mentioned again.
I'm expecting the R/S announcement once the fins are published. The split won't help shareholder value of course, but seems intended to give the impression of a valuable stock to new suckers er...investors, who wouldn't look twice at an 8¢ stock.
"Look at us - we're a $4 stock (at 50-for-1), our share price suggests real value - climb aboard.
Pay no attention to the man behind the curtain who manipulated 8¢ shares into $4 shares."
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