Reposted26 Jul 2019 13:44
slightly negative posts being removed - be aware, as below previously.
I'm not sure i'd consider myself a deramper, I just commentated on facts, so more a realist. No CBD sales information is forthcoming and since there are only 36 odd outlets and a website how much are you realistically expecting HNR to sell? The Company has no money and currently doesn't have a market for its product. In the future, it will do as expectations are the CBD market will boom, but HNR needs to stay afloat before this takes off and so needs working capital and a placing is really the only way currently. Never buy a company in a downtrend. This has been in a downtrend for many years, check the TA and wait for a turn before entry.
In the annual report, the company alludes to Chill having "an extensive and growing social media
presence" - I've just checked twitter and all i can see is HNR posting now and again with very few comments or retweets. If people were using it and getting excited you would expect at least a few people to post about it. "Extensive" is well wide of the mark. "Extensive" would to me, mean influencers and other parties getting hold of it and posting.
Also, which crackpot wrote "Between $13,440,000 to $50,700,000" - it basically eludes to "we have no ducking idea what we're going to sell this year, could be 5, could be infinity". An actual projection would be within a respectable percentage.