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Monday, November 18, 2013 3:11:15 AM
Re: $40Bill Post# 15132
Thank you for your comments.
I'm a MD with a MBA and have more of a strategic/value slant on investing. In fact I trade very infrequently. I have held Concur (cnqr) since 2001 (.91 purchase price) and have followed that enterprise's develpments daily for twelve years (current orice $100 or so). I see parrallels in with this company. It will be a long road, and is going to be a lot of ups and downs. But this company has real potential- new market, experienced senior management with ambition, vision, and strong ethical foundation, new CFO with vast experience in raising capital, technology, high quality, and deep knowledge in this space. Their senior management includes many attorneys. they care deeply about seeing this through for multiple good reasons. The company is unusually transparent for its size so that investors can truly evaluate them. And they control cannabis.org. They are leveraging that very well at this early stage- check it out!
My only concern is the economic logic. How will they truly turn a profit some day. And can they reassure investors on how they are going to do that consistently?
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