Friday, May 12, 2023 12:11:23 PM
Old Neutron Jack. He hated that name btw.
Alright, well focused cost reduction really has a strong value of the synergy stage. After that it still can be used for window dressing for sale, but it also has to be tied to fast moving events with in the business model or to your point, it will have negative effect.
While you can service the debt loan only and not the principal, you better have a very good reason. Specific with in the business model/plan that allow the reasonableness necessary to justify the risk. Meaning there down sides that need to be factored.
Going off of memory only, a while back that did have something in a 10q/k about the revenue generation was less than anticipated. But I have been only focused on the whole.
Let me give just a quick opinion here. I was against the Harvest deal then, now I say it was a bad buy, at the wrong time, for far more cost than should have been. Now to be fair, the thought process I believe would have been SAFE and FED legal are soon to pass and were going to go with the big footprint.
Here is where I thing they are now. They got that foot print, but they did everything above before the price compression / consolidation phase. Took a shot they did, and it has cost them and the shareholders dearly.
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