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Posted On: 03/03/2020 9:18:31 AM
Post# of 148878
I believe the disclosure is something they have to write so that people know if this is a biased article or not, and if it was paid for by the company or not. Hell, the way some here throw around "IMO" at every wrong moment...
But the thing is, I cannot disagree with a lot of what the writer said. CYDY is a tiny company run by somewhat inept management. YES, I get it, they have done an ok job so far, but they are paying themselves EXORBITANT salaries for a broke company that has made $0 and has over promised and under delivered for years now...unless of course you believe that the ends justify the means. I don't. That's dangerous.
I don't think that CYDY has the talent onboard to negotiate the major deals that they will need to make, since they are too small to go it alone in any indication. Vyera? As I have said, a dog with fleas. And, as also used by the author of the article, I used the "If you can't dazzle them with brilliance..." line a few days ago in a post about what this upcoming CC may be.
Don't get me wrong, I am long and strong CYDY for a few years now, but I am also not drinking the proverbial KoolAid. While I do believe in the science 100%, I only believe in the management 50%. If YOU wrote a business plan that had projections of zero revenue for years, but said you wanted a huge 7 figure salary that would hamstring the company, most people would probably not fund your business, wanting you to invest in yourself first if they are supposed to invest in you. Build into your contract bonuses in the event of success. But even if CYDY fails, NP and the board are rich men now, thanks to the shareholders who have tried to make themselves believe that "this time, NP's really going to do it!"
Over a year ago, CYDY hired people we thought were coming onboard because of their negotiating skills. If true, we haven't needed them and that's just sad. As I have said, investors and BP are not stupid in general. Good investors are not emotionally involved with their investments, but I think many here are emotionally invested in CYDY, which is why NP cannot be questioned by many here, because "Once we get approval, all is forgiven!" but to me, that is just not true. Look at what Nick Woodman, founder and CEO, did to GoPro. Took it from nothing, to $95/share right back down to $3.60/share where it is today. He cannot get out of his own way due to pride. He has a yacht. Shareholders have a sea of red.
If this conference call is just a dog and pony show with nothing materially new being said (and not just "We are in talks!"
then while I still believe in the science, I will think it is time for someone who can really take CYDY to the next level to come in and help. Just because I could play high school baseball doesn't mean I was good enough to make the next level in college.
But the thing is, I cannot disagree with a lot of what the writer said. CYDY is a tiny company run by somewhat inept management. YES, I get it, they have done an ok job so far, but they are paying themselves EXORBITANT salaries for a broke company that has made $0 and has over promised and under delivered for years now...unless of course you believe that the ends justify the means. I don't. That's dangerous.
I don't think that CYDY has the talent onboard to negotiate the major deals that they will need to make, since they are too small to go it alone in any indication. Vyera? As I have said, a dog with fleas. And, as also used by the author of the article, I used the "If you can't dazzle them with brilliance..." line a few days ago in a post about what this upcoming CC may be.
Don't get me wrong, I am long and strong CYDY for a few years now, but I am also not drinking the proverbial KoolAid. While I do believe in the science 100%, I only believe in the management 50%. If YOU wrote a business plan that had projections of zero revenue for years, but said you wanted a huge 7 figure salary that would hamstring the company, most people would probably not fund your business, wanting you to invest in yourself first if they are supposed to invest in you. Build into your contract bonuses in the event of success. But even if CYDY fails, NP and the board are rich men now, thanks to the shareholders who have tried to make themselves believe that "this time, NP's really going to do it!"
Over a year ago, CYDY hired people we thought were coming onboard because of their negotiating skills. If true, we haven't needed them and that's just sad. As I have said, investors and BP are not stupid in general. Good investors are not emotionally involved with their investments, but I think many here are emotionally invested in CYDY, which is why NP cannot be questioned by many here, because "Once we get approval, all is forgiven!" but to me, that is just not true. Look at what Nick Woodman, founder and CEO, did to GoPro. Took it from nothing, to $95/share right back down to $3.60/share where it is today. He cannot get out of his own way due to pride. He has a yacht. Shareholders have a sea of red.
If this conference call is just a dog and pony show with nothing materially new being said (and not just "We are in talks!"
then while I still believe in the science, I will think it is time for someone who can really take CYDY to the next level to come in and help. Just because I could play high school baseball doesn't mean I was good enough to make the next level in college.
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