I must respectfully disagree. It never was a legit business. They remain obligated to report financials yet they haven't for the last 5 quarters. The last time they reported was for year-end 2020, where they showed a net earnings LOSS of $5.6M, and retained earnings of NEGATIVE $11M. They had no assets except the $3M in product they bought 3 years ago, and they have no NET assets at all. So, it would stand to reason they would be selling that remaining product so they could keep the cash from sales while they can. Even a legit business of this type can't sustain losses like that and they have no way to turn it around. Throw in the US District Court cases against the founders and the SEC warnings and restrictions on the stock and its fair to conclude that bankruptcy is coming. They have no way to pay their liabilities from operations. Its definitely not an investable business. I'm not an attorney, but Blum is and my guess is he's waiting for the right time to file bankruptcy. It would help if they reported financials again, but I'm not holding my breath.
