You see all of this really is speculation.
Unless an overseas listed company is domiciled in a highly structured regulated economy/ financial centre anything that they say is very hard to independently verify.
Here’s why I’m not comfortable with this company. I get that they’ve said that they have enormous absolutely stupid huge orders per month in a signed contract. Fine.
So if they’re supplying THAT much hemp cannabis etc etc to this one company alone - with that much supply capacity and ACTUALLY (apparently) having been contracted to supply it monthly. Why hasn’t the open market price of cannabis fallen like a stone? Those amounts that they have informed us of would basically destabilize the entire cannabis market? It’s a simple equation of supply and demand.
It doesn’t add up. If they’re raking in all this money why aren’t they hiring industry specialists in logistics and considering the value of their holdings - international security specialists, people who have top level experience of corporate support/ investor relations/ public relations etc etc etc?
After all if you’ve got a stupid large amount of money in the bank, you can afford the best in every field of expertise that you need to recruit for. Can’t you?
Instead they’ve consistently been diluting, I’m presuming to pay the bills. Then my question is why do they need to?
Can anyone remember what the share count was when they took over? I’m sure it’s a lot higher now! I’m thinking they’ve probably added about 1bn? Or maybe it’s 2bn. I seem to remember that the float was 6bn and something when that press release hit.
Question. If they have absolutely stupid amounts in the bank, why didn’t they start buying back shares from day one?
Why dilute so heavily if you are able to access the bond market? Why dilute so heavily when you’ve got all that money coming in?
Something doesn’t add up to me and until they actually fly over an independent team of auditors from one of the big four accounting companies in the world and ask them to independently verify everything they have stated objectively to PCAOB standards, they clearly, to be polite, haven’t shared everything.
Just my thoughts.
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
