let's leave marijuana farm out of the equation for now...in fact let's put a question mark on the hemp until they can actually grow a couple of crops and see what their yields are. They still need to sell shares in order to come up with the money to pay the mortgage.
Trying to figure out your math her on the harvest...On 12/28/15, you said 40 days, yet 31 days later on 1/29/16, it's still 15 days? It would be 9 days according to conventional math as of 1/29 and 5 days remaining going into today.
I hope the company's numbers aren't as off as yours and it was just bad math in your case.
Thank god they woke and decided to end this strategy during 2015. They were lousy at it yet insisted they knew what they were doing. Or perhaps had bad advisors. For 2015 Coffee Holding had 88 cents per share n hedging losses while day to day operations had a 65 cent per share gain.
You have to figure that JAB will over time transfer most of the GMCR business to their own suppliers. Coffee Holding is going to have convince JAB that disruptions to the supply chains will cause more harm than potential cost savings to JAB. It won't be settled overnight.
If you read the filings carefully you will see that they didn't actually purchase any of these shares...they were incentive bonuses paid in shares and even some of the dates and share prices don't match up. Also the 320 acres in Pueblo are (1) hemp, not pot and (2) only a fraction of the acreage is being used right for that purpose. Your dream is a long ways away and they need a lo of money to make it a reality. Hence the toxic share sells.
Let's say they have 150 million shares outstanding. We know they are going to dilute it to near 400 million. Why? Because that is the only way they can raise money at this time. There is no cash flow from operations, not will there be one for the rest of the year. Admin costs of $3-4 million per quarter is the reason for the toxic financing. Mgmt is making sure to get theirs before the stockholders. I would be totally surprised if management actually used their own money to purchase those share in December. There is some transaction that will show up in the 10-K that will make those purchases clearer. I agree that new management is better than old management. Siegel is a wild card IMO. He uses that Ambassador title a little too much.
At 150 million shares , ...the stock price would need to go to 27 cent to get a $40 million market cap. At 400 million shares, it would need to get to 10 cents. Almost impossible for the company to show a profit given the cost structure currently in place.
Honesly I think this company is going to reverse merge in another company by the end of 2017.