Thoughts About Michael\'s Investor Presentation
Post# of 75002
(Total Views: 692)
Posted On: 04/02/2019 8:20:04 AM
All in all, I thought it was quite compelling and persuasive. Michael isn't a dynamo, but he projects honesty, sincerity and credibility. He comes across as the legitimate leader of a legitimate company.
I was especially pleased by the following:
1. The extension of the vision out into THC legalization. I'm not hearing "we're gonna get rich quick." I am hearing, "we're setting the table for THC." The agreement with the national distributor to supply them with THC products is big.
2. The laying out of a business strategy that is designed around regulatory issues and constraints. Private-labeling overseas will keep us afloat while the FDA wrestles with CBD regulation. Once the regulations are out, CBD provides the wind in our sails until THC is out. And at that point we go into orbit.
3. The straightforward capital ask: $3M.
4. The consideration of alternative stock exchanges, e.g., Canada.
4. The hiring of Doug was clearly a breakthrough moment for the company. Management is using Doug's choice to go with RMHB as validation of the company's potential. It's a good selling point.
I came away from the presentation thinking that a) we're in good hands, and b) we have to practice patience, patience and then more patience. First we have to wait till late May when we start showing consequential revenue. Then we have to wait for the FDA to de-muddy the CBD environment. Then we have to wait for THC legalization to come along.
Management's done a great job of clearing away the legacy issues and getting all its ducks lined up. The path forward is clear. Now it's a matter of walking it, step by step by step. I'm less excited than I was (I'll own 1/20th as many shares as of this Thursday), but I'm more optimistic.
I was especially pleased by the following:
1. The extension of the vision out into THC legalization. I'm not hearing "we're gonna get rich quick." I am hearing, "we're setting the table for THC." The agreement with the national distributor to supply them with THC products is big.
2. The laying out of a business strategy that is designed around regulatory issues and constraints. Private-labeling overseas will keep us afloat while the FDA wrestles with CBD regulation. Once the regulations are out, CBD provides the wind in our sails until THC is out. And at that point we go into orbit.
3. The straightforward capital ask: $3M.
4. The consideration of alternative stock exchanges, e.g., Canada.
4. The hiring of Doug was clearly a breakthrough moment for the company. Management is using Doug's choice to go with RMHB as validation of the company's potential. It's a good selling point.
I came away from the presentation thinking that a) we're in good hands, and b) we have to practice patience, patience and then more patience. First we have to wait till late May when we start showing consequential revenue. Then we have to wait for the FDA to de-muddy the CBD environment. Then we have to wait for THC legalization to come along.
Management's done a great job of clearing away the legacy issues and getting all its ducks lined up. The path forward is clear. Now it's a matter of walking it, step by step by step. I'm less excited than I was (I'll own 1/20th as many shares as of this Thursday), but I'm more optimistic.
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