Posted On: 05/05/2015 3:13:53 PM
Post# of 7775
Logic would dictate that your statement and assessment is generally correct. I don't believe Cruz is in this as far as he is to take a loss. I don't believe they would still be working on the legal trademark of Rico if there wasn't an end goal. I don't believe they would have jumped through all the hoops to go public if they didn't feel they had something to work with. And I'm certain they have run into many more roadblocks than they anticipated, but what start-up business doesn't. Remember, only one year old.
While we're waiting for a PR, I found this article comparing current mj companies. They list the 96 MJ companies showing their location, the number of publicly available PRs they've pushed and more importantly, their solvency level. And while the title of the article indicates these are stocks not to be bought and held, we are all holding some of these tickers. So there might be something to glean from this. When looking at the chart the author does not immediately explain the column marked CR. He explains in a response post that it is a measure of solvency. Anything above "1" means there are no solvency issues in the next 12 months. Anything below "1" means they need to find a way to generate cash flow so they aren't bouncing checks. While the latter issue can be solved through "toxic convertibles" or "dilution," by what ever means, I'm glad to see GRCU is not in the toxic category.
If I read this chart correctly, 56 out of 96 mj companies (almost 60%) have solvency issues. Out of the remaining 40 companies that are solvent, GRCU ranks 19th. That's my only good news of the day as our pps sags. Still holding and never flipping.
http://seekingalpha.com/article/2857536-12-ma...-part-viii
While we're waiting for a PR, I found this article comparing current mj companies. They list the 96 MJ companies showing their location, the number of publicly available PRs they've pushed and more importantly, their solvency level. And while the title of the article indicates these are stocks not to be bought and held, we are all holding some of these tickers. So there might be something to glean from this. When looking at the chart the author does not immediately explain the column marked CR. He explains in a response post that it is a measure of solvency. Anything above "1" means there are no solvency issues in the next 12 months. Anything below "1" means they need to find a way to generate cash flow so they aren't bouncing checks. While the latter issue can be solved through "toxic convertibles" or "dilution," by what ever means, I'm glad to see GRCU is not in the toxic category.
If I read this chart correctly, 56 out of 96 mj companies (almost 60%) have solvency issues. Out of the remaining 40 companies that are solvent, GRCU ranks 19th. That's my only good news of the day as our pps sags. Still holding and never flipping.
http://seekingalpha.com/article/2857536-12-ma...-part-viii
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