They still have several CA ops to prep for launch (as well as all regulatory issues) for Jan, and then goes straight to New Jersey, so....they either stop moving and let ops (NV and CA) catch up or keep pushing on the NJ....
Addressed recently, if was me, I think I'd go with an 80/20 (80% expansion, 20% buy back, as well as a freeze on insider sales) and they might be fine and never have to R/S by the time uplisting a possibility, and restore investor confidence in the process, etc.....
(I know many disagree with buy back concept at this specific time (during period of expansion, blah, bla, bla...hence allocating as much as possible.....accomplishing both....)
Or some version thereof.....we recently did/are doing something similar, 85/15-80/20.....even 90/10 would do the job....(CA pre and launch).....prep, man hours, regulatory, inventory going to be quite large I would assume. I would think all locations combined they (will be, CA included) floating $2MM at any given time (between all locations, NV and CA, etc).
As above, then starting January, same deal all over again (man hours, prep, regulatory, consulting, and so on. Once CA up, shift it over to NJ (CA Jan 1, NJ Jan/Inauguration....)
How all can be worked together is something I couldn't answer (as far as how and when and where to allocate what in order to provide a certain outcome for financials....etc....)
Regarding a buy back, that is something the appropriate parties would have to address. For example, I am unaware what regulatory is involved...ie: Does a specific purchase, and specific dates have to be established to make such a statement?, or can a simply be a matter of we're working on details, and will announce those shortly, etc. That is a matter beyond me. (SEC attorneys?) I don't know how in depth the regulatory is on that/those matters....
But what do I know?.....I'm just a mutt that creates and launches all these ;)
I would assume it be preferable not to break even and keep pushing ahead until the NJ foundation in place and then maybe take a breather and deliver profitability, etc....
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