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lazur

11/16/23 10:14 AM

#20789 RE: Drugdoctor #20788

Someone with deep pockets and a significant lack of acumen. The debt is a barrier to adding shareholder value, and a barrier to buy-out to a point. For both reasons I'd like them to at least address it without just an unspoken hope that SAFE will magically appear and permit restructuring it. I want to see some sign that they are considering options. If it can't be restructured, they either need to greatly increase revenue to get the debt to equity ratio better, or begin reducing it. The current incremental moves are achieving neither at the moment, despite it's good to see them holding ground in the absolute crater of the sector..
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StevenRisk

11/18/23 12:45 PM

#20792 RE: Drugdoctor #20788

I suggest everyone to read the 10Q especially from page 47. Here it talks about notes and interest due. Now you have 2 new lawsuits one in Colorado with 8 count separate charges. The other in New Mexico. It is no wonder revenues continue to drop on a per store basis. Obviously this is not something that is going to help grow the business. I think we are starting to understand what the problem is. Management continues to reap handsomely and Dye personally by his side businesses and the services they provide to Medicine Man with no regard to reality.

My friend just sold his Dairy Queen franchise and the new owner dropped everyone's wages $.50-$1.00 per hour. Now we have SHWZ being sued for tips overtime and a host of other claims by people who are directly in front of the customer. Wow and management answer is we will fight this vigorously if need be.

Any thoughts on this from the shareholders as we get the blunt of the aftermath as management gets their shares free.