We rode this thing from 6 cents to 1 expecting that any day the 1 Million case supplier announcement would come through. He told everyone they were in the process of being onboarded.
The deal was obviously never done, otherwise we would have seen a market sensitive announcement. He flat out misled everyone.
Now they can't even staff their logistics division and have needed to put a cap on operations. They're paying minimum wage so they won't be able to upscale operations anytime soon. The only way they're going to fix this is to increase wages which will increase their cash burn.
No 1 million case supplier is going to hand over their operation when they can't handle their current workload and they're blaming THE WEATHER for their poor performance.
DW8 Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
(20min delay)