RE:RE:RE:2.60 target by Beacon On March 28th, 2021, Doug Cooper of Beacon Securities initiated coverage of VIBE with a Buy recommendation. This is worth as much as "TheIdiot Elijah's" Buy recommendation !!
- on the coverage day the stock closed at $1.08
- the stock closed today at $ 0.72 (after touching $ 0.69) down 33% since he initiated coverage
- The stock is down 50% since hitting $ 1.45 on April 6th
- Beacon Securities is the only analyst covering the stock and just happens to be the lead underwriter and sole bookrunner of the February 22nd $8M bought deal financing. Hmmm ??
- VCAN shareholders who exercised their warrants from both the 1st and 2nd tranche, and have held all their VIBE shares from the transaction now have a capital loss as the combined ACB of those holdings is $ 0.8264 a share.
And VCAN shareholders have learned nothing. Many here continue to pump the VIBE stock ($5, $10 by Xmas). They refuse to sell their CVHIF shares expecting a major windfall from VCAN insurance claims or falsely state that you cannot sell them because of the CTO. They expect a White Knight to swoop in and buy the company at a major premium. Ain't going to happen. Look at how VCAN shareholders got screwed by the infamous "transactions". Do you think the next White Knight is going to be any different ?
I have been invested since CXV / BLVD days. I have felt the pain but I knew enough to get out when the going was good. I did the requisite CTO research and sold my CVHIF for an average of USD $ 0.05 a share (now that's a winfall). Sold all my 1st tranche shares/warrants between $1.10 and $1.40 share. I am stuck with my 2nd tranche due to transaction timing and transfer agent screw ups.
In general, analysts recommendations are not worth the paper they are written on which should make you wonder about the ongoing pumps and misinformation that comes from many on this board (Brentski, Elijah etc.). You know who you are. Still trying to catch a falling knife (Duster340). Do you not feel a deja vu. Cannabis companies are a dime a dozen. VIBE is no different, just another retailer in a growing crowded market. Maybe they should rebrand as VCAN 2.0 ??
JMO