Hardly a newbie here, started buying in May of '18, and have been "smart/lucky" enough to have averaged down into the mid $0.50's.
I will agree that VM was the chief at the time of an unfortunate grow situation, but before you park the guy under a proverbial bus, take a few minutes to review his entire "performance" and that of Liberty during his entire tenure, including that as interim CEO. He was named interim CEO in Feb of 2019, then appointed permanent CEO on Jan 30, 2020.
He was appointed CEO because of his success in the interim capacity, highlighted by over quadrupling quarterly YOY and 9 month YOY consolidated net sales and doubling our cash and equivalents on hand. in the corresponding time frame, the SP went from roughly $0.90 to a low of $0.27 in September of 2019. We were consistently #2 or 3 in flower sales in FL. It's all right here dwp...have yourself a read.
By the time he was appointed CEO in permanent capacity the SP had rebounded back into the $0.50's. Then covid hit. We can argue about fault assignment over the subsequent happenings and non happenings including grow issues, but don't forget that VM did negotiate the deal with SJG, set the cultivation capacity upgrade into motion (astutely reallocating resources from store opening to forward thinking, long term planning), all with a net reduction in debt.
You can call me a newbie all you like. That does not change the absolute fact that this SP has been manipulated for a very long time, overshadowing the positive achievements of VM. If you believe that the SP wallowing below $0.40 was purely attributable to Victor, then you sir, may want to review the facts. It is just far too easy to blame VM as the sole "culprit," for the lack of SP performance.
I am realistic enough to understand my vote is going to be in the minority, but I do believe that the reasoning behind the SP manipulation of this will come to light some day, and when it does, it will reveal that the small retail money, or 38-48% of us shareholders were just sheep in settling for this deal.
I attribute your comments to either complicity or pure naivety. I am guessing the latter, which is quite sad, considering your self-implied vast experience. Thanks for your two cents...and enjoy your little 3 bagger.
AYR says that they will invest $15 million into Liberty in 2021 to "enhance" operations. Ask yourself this: why would they "only" have to invest a measly 15 mil?
Do me a favor too, as I assume we will both be AYRWF shareholders soon. Let's collectively break down Florida's net contribution to AYR's 2021 bottom line...then perhaps we can be honest with each other about the true "value" of this deal.
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