Navy you are right on track as far as what needs to be answered by management. As you may know I got out yesterday because many of the issues you list were the same issues I raised with the company and Stuart Smith; (numerous times in the past two weeks). I never did receive a reply. My last attempt, this past Wednesday, I cautioned management that we were at a tipping point and any other missteps will result in the PPS taking another drop; a huge drop. I told them investor confidence is non-existent and if they don't address specifically and concisely the issues listed the PPS will languish in the single digits from here on.
My take is: Mgt. has no answer to these issues. IMO they have mislead shareholders and are backed into a corner. They are trying to figure out a way to positively spin this debacle and avoid the inevitable class action suit. The shareholders have heard enough BS and any news, regardless of how positive, will not result in moving the PPS. Maybe a small bounce at best. As the old saying goes: Fool me once shame on you, fool me twice shame on me. The only chance this company has is to replace these incompetent and ethically questionable officers with seasoned pros that have a track record of success. Unfortunately, there isn't sufficient shareholder ownership to accomplish this.
Next shoe to drop: Qtr 1 financials will reveal that record earnings were achieved through sales of Cannavest and without these sales the company is in the red, or, a major class action suit has been filed.
As I said yesterday this is a shame....this company could be a super star and should be if those in management had a vision of the future. Instead they seem to be concerned with the quick buck and lining their pockets as fast as possible as the ship sinks.
Best wishes for all longs. I hope this turns around but I'm afraid we see a gap down Monday and continued bleeding from there,
