Not trying to be that person to drop the stock price...but think that with the current economy and lack of govt movement the stock will probably do that on its own ESPECIALLY if investors dont wise up and focus on company operations and efficiencies over state count, access to capital and liquidity. To answer your question, there is a little over 49M 'basic' shares outstanding and the company has $33M in cash and equivalents. Most are preferred shares, which I assume can be rolled into private preferred shares -- I honestly have no idea. However, if the stock price falls near the 52wk low, or under, the mathematics just might work out. The miscellaneous thoughts running through my head: A comment/discussion where the opportunity might arise where an MSO could consider taking the company private and then IPO again in the future, which was made by another (former) CEO about 6 months ago. The comment where JD said that the company is projected to be true cash flow positive by the 4th quarter -- which means they can fund their own CAPEX. The falling stock price. The lack of liquidity. The nuisance/burden on a CEO to keep a company public...and spend most of their time answering to shareholders, promoting the company and/or preparing sec reports/audits.
I mean, maybe JD says, screw the market grossly undervaluing this company, I rather focus my day on doing what I do best: streamlining the business, maximizing operational efficiencies, growing the company and turning it into a juggernaut for when the industry is in favor. Why stay public when the share price keeps falling to the point of a ridiculously low valuation...and only to see $50K of trading (avg) per day?
Now I hold JD to a higher standard, given his Albertson's experience and the reputation that he has built, but Albertson's also underwent a delisting from the NYSE, restructuring and IPO all during the time JD was part of the company. (I know two different companies/industries so you shouldnt compare them...however the cannabis industry is probably closer to the grocery CPG industry than any other industry.)
So my logic might be wrong from a 'that's not how businesses operate' standpoint...and probably makes entirely no sense to others, given the debt or whatever other reason (set of reasons)...but they were just miscellaneous thoughts floating around in my head, which garnered enough attention for me to raise this (as a personal) concern in hopes of this board helping me to (justify...or better yet) squash it.
***Side note*** Boris, from CURLF, was on a Twitter spaces last night and was extremely adamant that SAFE Banking was going to happen after the election and during the lame duck session.
