I initially purchased a small parcel of these shares with knowledge it was a speculative buy, increasing my holdings off the back of continuous positive announcements. Had I been made aware of reduced poundage / earnings guidance changes due to CBD rates, I would have stopped averaging in and perhaps started selling down.
I now hold sufficient shares in CLI that should the company fail, this failure would be very unpalatable hence I'm attempting to interpret this disappointment on the lighter side.
As a current shareholder; while being extremely disappointed by these results (and coming to grips with feelings of betrayal regarding perceived lack of communication / disclosures), I hold out hope that the Atlas funding deal will pull through keeping CLI solvent long enough for the 2020 cropping season.
I would love to see the likes of Stephen Silver and CLI BoD reinvest in CLI prior to any open in trading (should CLI be allowed to continue trading) as a sign to other SH's that the board have faith in the message they are preaching.
Reading CLI previous announcements, it appears CLI hold 2 year leases on the Trial Farm - at least this will keep overheads somewhat down?
I can only hope any IP gained from this years blunders is able to be put into good use by the new Logicalcropping GM and that if CLI remain solvent, their 2020 season is sufficiently successful to start paying down their debts and remain in business.
While I share the views of others in this forum regarding investigating any potential breaches of litigation, I fear the only way I will ever see a return on my investment (or receive part of my investment back) is for this CR to be a success.
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