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The reason I stayed away from pot stocks

Posted by overton @ 10:26 on April 19, 2018  

https://www.thecannabist.co/2018/04/17/massroots-marijuana-tech-loss-44-million/103717/

“A review of MassRoots Inc.’s annual filing made Tuesday with the U.S. Securities and Exchange Commission provides a portrait of a negative-net-worth company that is burning through cash, missing IRS payments and SEC reporting deadlines, handing out stock-based compensation like candy, and operating with no external sources of liquidity.

The Denver-based firm closed out 2017 with a reported net loss of $44 million on revenue of under $320,000, according to the filing. More than $22 million of those losses were the value of stock-based compensation to former employees, board members and business consultants.”

http://stockcharts.com/h-sc/ui?s=msrt&p=D&yr=1&mn=0&dy=0&id=p41277330304&a=225435970&listNum=104

Leibovit made some $$$ on this one……….

https://www.thecannabist.co/2018/04/18/gw-pharmaceuticals-epidiolex-cbd-justin-grover/103667/

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.