Stevenrisk, you wanted some thoughts so here is mine. (My figures are going to be approximate estimates because I don't have the time to go through all the financials to get it down to the exact nitty gritty).
I am perplexed what is your angst against management having so much percentage of the stock? Dye personally or his company in the past year has put up about $35 million cash to keep this company afloat and make the acquisitions happen. Now taking in consideration that at the last financials that there are 42 million shares outstanding at a price of today's $2.38 a share make the company valued just above $100 million dollars. So Dye has at stake a 1/3-1/2 valued interest in the company. Dye is not here to invest $35 million to double it and make just another $35 million. The man is exceptional at what he does and at a $50 a share evaluation (which I believe is attainable within the next 2-3 years) that would equate to over $1 billion dollars for him with the preferred shares being converted.
If a $50 future share price scares aware institutional investors, then they are morons. Owning a stock that goes from $2.50 to $50 makes you a hero fund manager. With Dye controlling so many of the shares, I don't want more outstanding shares because it makes those available more valuable which makes us richer. Stocks with lower share floats rocket once the financials come through with profitable evaluations.
I agree with you about the speculation about the acquisitions not happening is hogwash. They already are signed deals and done with and if the stock is tanking about the next deal not being done yet, then that is stupid because I have my own speculative theory on what is going to happen (and it is all just guesswork).
I have been stating that I believe a surprise is coming. Now that wild guess to me can be one or two things listed below:
1) Dye has been saying that he plans to stay local, but I believe he is planning to go to various states (MSO). If the next earnings/revenues report is what I think it will be (taking away any write offs), it should be great. Schwazze already is the leader in the Colorado market and is killing it there. Dye can only continue sustained growth if the company goes multi states. Schwazze will own the Colorado market and his expertise in running national companies will play a big part in what the future plan is. With the Starbuds name in some other states and Jamaica, the branding is already there. Dye is proving himself to be one of the leading cannabis CEO's in the business and that is with him just learning the business in the past year.
or/maybe both
2) Dye is planning to make Schwazze a major grower of cannabis. Dye along with COO Nirup Krishnamurthy and Director Jeff Garwood also own and run a company in Florida called: ripKurrent (www.ripKurrent.com) This company specializes in climate control technologies which could correlate with Josh Haupt's Superfarm techniques. With the technology of ripKurrent and their climate control specialization, Schwazze could become a giant in the indoor grow field of cannabis. Concerning ripKurrent, Dye is the CEO, Nirup is the CIO and Garwood is on the advisory board. So in addition to this company and their Albertson's experience, this management team is first class.
I have no idea if either of my speculative ideas will come to fruition, but like I have said, I have been studying Dye and this group of management which is an incredible bunch and why I am so positive on SHWZ. I am willing to bet that I might be the only one here to have done this kind of research on the management background.
One last thing is while I am a big fundamental investor, sometimes fundamentals don't mean a thing. Just look at Gamestop or AMC, if you bought it on a evaluation basis then you would be lying. Sometimes you just make money on a hunch, emotion or just plain luck. I believe that SHWZ will make an incredible run not only on the fundamentals but a emotional basis because so many will have been pissed to miss out owning this stock at the current price and chase it big time.
Anyway people can agree or disagree with me, that is their choice. I always look at things in a different perspective than many so my ideas may sound crazy to some. At least, you know where I stand now. I will be gone all day tomorrow so I won't be able to post anything further until I come back. Wishing all SHWZ shareholders much future fortune.
