I always have one or two companies that I have a risky investment in because of the possible upside. The amazing thing is that insiders have been keeping this company afloat with their own money and taking shares. The question is why? They must see or realize something that has huge potential. Losing 500k a quarter is a numbers game (accounting write offs). How can a company lose that much money with only 6 employees and have limited expenses? Pad the expenses so when they turn the corner so it can improve the bottom line in the future.
The company still has a low share float and with any progress can be a huge mover. My personal thought is the payoff will be when cannabis becomes legal and then they can produce chocolates with THC ingredients in addition to the current CBD chocolates. The question is when will cannabis become legal?
When and if that happens, you can always jump back in. I am willing to wait it out longer and see what transpires. Wishing you all the best.
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