Monday, November 18, 2013 7:46:48 PM
I took both comfort and concern from what I heard.
There are comforts in a leadership team addressing the public with all the questions we wanted to hammer them on. That they were able to advise on their approach, elevating long term confidence. I like also that they addressed dilution, then turned back around and addressed it again. They said it needs to be prudent and efficient - it will not be reckless. They also hinted at potential financing agreements.
There are concerns about store goals and that (I believe) they should be revised. Ongoing dilution also a concern, what I would really like to see is alternative financing. I wanted to know more about GIFT and KIOSK programs - perhaps I missed this from coming in late. I didn't like pauses to hard questions, perhaps it was to put thought in the answers... Will listen to the recording.
Not to mention Friday's shake kicked out PHOT's biggest cheerleader, OfficerK. Someone who claimed a long position, who promoted articles involving PHOT on a revolving basis with great enthusiasm, that person just sells out? Respect for being honest, smart to take profit - Your converion from boaster to basher leaves me baffled though.
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