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Mickeyblue

03/26/14 11:36 PM

#137304 RE: Jahvik #137298

Pot was being legalized in 2012 or 2013 so what's your point
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jcmoney3010

03/26/14 11:45 PM

#137312 RE: Jahvik #137298

I don't have to look at a 2 year chart to know this is uncharted territory. Sure they have no financials, but this isn't a normal business venture. Normal companies can get help from banks and venture capitalists who are willing to take a financial risk on a company they believe can give them a big financial return. The MMJ sector doesn't have that luxury because of the federal governments stance on marijuana scares banks and VC's away. This makes it hard for companies like tranzbyte to fund their startup ventures, therefore forcing them to find alternative ways such as large stock counts.

You're right they have no profits right now, and in fact they haven't proven they have a machine, but how exactly do you start making money? Do you make money before you produce a product? or do you make money once you have a product to sell? Once the machines come out, the revenue will start to come in, once the revenue starts to come in, they will have more options as to how to take care of the large share count (i.e. buy back plan or dividends to keep investors locked in).

Just buy back in while the water is still warm, and stop being so bitter lol.