They did mention that that they had a significant loss again this quarter. Not mentioning the exact number was a big mistake. Maybe they still don;t know how many shares are outstanding. Agree the class action suits being partially paid in shares should have been disclosed earlier. But I think we all knew they had no money. Also remember these are only stockholder lawsuits. The SEC investigation and Grand Jury case is still on-going.
I'm willing to give them a pass on the filing if Edgar was closed today. They may have thought that since the stock market was open, Edgar would have open too.
Unless PR Newswire is closed too, then there should have been an earnings PR. I will say the new management are no Vinny and Bruce. No wild ass numbers or promises. Siegel is the only one who scares me. The other guys are working (part-tine)and at least doing something to collect their paychecks.
They are trying to build a business but will be hampered for years to come by Vinny's mess. They are doing what they need to do to stay alive but it comes at the shareholders expense because they have no other means of financing right now.
Would love to see how they booked the Vaporfection revenue because we know there was a significant recall and an entire new shipment had to be redesigned and brought in from overseas.
Looks like it will be hemp and no MJ for the foreseeable future. Has the Senate approved interstate transportation or sale of hemp to other legal states or will there be an oversupply of hemp producers in Colorado thus depressing prices in the future?
Like I said before they may try to play up the smaller EPS loss because of the higher number of shares outstanding. Always looks better in the headline.
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