Thursday, September 29, 2022 10:29:40 AM
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.
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