RE:HUGE Now Paying For Their StupidityThey were $2.58 back in May. They are praying for news on Phase 2a start. That's my only guess. They are a non money making company, they only had one chance to make money and they couldn't sell weed. Public school kids can sell weed and these guys couldn't. They did the RS at 201 and had 7.7 million shares and now are over 11 million in little over half a year or so. They don't care of it drops to $2 a share. Just RS again. Then loan out more shares to be "debt free" and RS again. By the time phase 2a or B is completed they'll have RS'd 7 times and the average investor will have 7 shares. This is of course 100% hypothetical but plausible lol
NLMoose wrote: With FSD Pharma now trading below the NASDAQ Standard, at nearly $4.00 a share, they are now paying the price for their stupidity after giving up their marijuana licenses and selling production facilities, especially when Cannabis demand is at all time high.
Lessons learned for HUGE, don't sell off your assets during good times, especially when Cannabis demand is picking up.