Thank you for your points as taken. It seems the company has updated the website as to key leaders and the BOD. I don't see Julie Suntrup the CMO anywhere. Likewise, while the PR stated the incoming CFO would be responsible for IR, I agree that would likely fall to a dedicated slot reporting to him. Farmed out is inefficient as the website is mostly kept current. Back to a whiteboard and one set of numbers for everyone to see as is current/projected. Not five bits of this and somehow missing that. This is a premier operation to suggest that can't do both is a bit troubling (IR and a dividend).
I don't think there would be a time that they'd have to claw back or reduce a dividend as they can't make money on a GAAP basis now, why expect they will ever? Doc has pointed out the cash being bled out for preferred and interest payments, so again, show your investors some love that costs almost nothing like any promotion they do already in the sale of product. It's part of the enticement and builds repeat business. The wash sale rule would discourage what damacon1 has suggested. The fact that it would increase liquidity would be welcome and I don't see it as a gimmick when there isn't but perhaps a single Tier I that could possibly do the same thing either because of inefficiency (still) or their ridiculous share structure See Tier II etc). GTIF might be the only company capable of delivering such a bonus and would be lauded as the leader.
The amount of cash required for this as a takeaway from expansion is simply insignificant and likely bonused as marketing metrics of A/EBIDA/TA whatever are constantly met or repriced which we know is BS. Well, the same would be true of those shares of common which are handed out to their employees or cash as they do currently. Revs are going to be North of $170MM and South of $220MM this year. Either number is an increase from '22's $159MM. The idea of a having to make a cut or pullback is remote only if the financing cannot be renegotiated when larger sums are coming due in the out years, then, hand the keys off to the new owners. Threat as remote or unlikely? In terms of social equity...I hate that phraseology, the only class of "investors" making money in this company (a) work there as in earn an income (b) loaned them money (which is secured and pays high single or low double digits interest) (c) the government. Whereas the investors here have watched their capital investment depreciate by well over half since the company announced it remade itself into a retail op. And one asks why shares of it and the rest are in the crapper? Aren't these stupid cash making operations? The process of getting out starts with what they can do to fix themselves and perception raised by action is a strong method when properly explained, promoted, and executed by great stewards of capital. I know, I know...pat answer: impossible because nobody does that.
