RE:RE:RE:Phone call with David Hyde TenFingers wrote: Fantastic post rcash!
Will has been saying for the past couple months that he strongly expects that NRV license to come through first. They are already growing there and HC knows about this location. With their open dialogue with HC, I trust that this isn't just guessing games, and when Will says that he expects this license first, he is basing that on something coming from those discussions as they go through the process. Namaste getting the first one is huge to me, and speeaks to an increased chance of LIB getting theirs sooner than later IMO. There was tinfoil hat speculation that these production licenses were going to be pulled off the table up until Friday so hopefully this calms people down a bit and brings us all back to earth.
But again folks, if this was a guarantee multi-bagger over the next few days, the stock price would already reflect that. This sector in general is filled with very impatient and inexperienced investors that want to double over their money every month, and the slightest of news creates massive buy or sell action.
Don't let HC's steady yet slow forward movement get interpreted as LIB being hung out to dry. If you believe in the strategy of the company, and Will's capacity to bring that to fruition, rcash's post is spot on, the potential here is very attractive. Embrace the dips and buy 'em.
Many of us didn't sell at a dollar. And I know a lot of these names I've seen since this stock was a 10-20 cents. Longs will be greatly rewarded.
Also, here's my take on HC cutting back on licenses (which WILL eventially happen) - when they do, it will be the front door closing, not the back, and they will push the applicants that are already in the pipe through. Honestly, I expect news of this soon from HC, but I don't expect it will affect LIB, in fact it would be good for us.
Best of luck to the longs as always!
Thanks all and yes ten fingers You are correct with the front door shutting, all ACMPR regulations will get grandfathered into the new cannabis act and applications pending will get put in priority. I know I didn't buy this stock for fast gains . That's why I held at a dollar as I see heavy profit in years coming. Just for comparisons sake Namaste went from the .10 range all the way to 5$ ( 600 +million cap) on a float of 275 million shares a net loss on a few million in revenue. When LIB gets to a few million in revenues and 2 licensed facilities being vertically integrated on less then half that float ,what do you think the share price will be ? I missed Namaste as you can't catch them all ,just one more reason I loaded up on LIB . Don't forget folks there's still a financial post article probably after licensed. With the price of the SP now I wouldn't want to be on the sidelines. Anybody who plays these Penney stocks knows how fast things can gap up . Good luck and don't get caught shorting ,buy on dips to the long ,and for the traders get ready for a roller coaster;)