Some VIBE Facts that the Pumpers Don't want you to HearIt's not unexpected that as soon as I make a "factual post" about VIBE the usual pumpers come out of their lairs. Are they so threatened by the truth that they need to try to deflect and confuse ?
The essence of my post was that the one and only analyst (Doug Cooper) covering VIBE and who on three occassions between March and September 2021 touted this stock with a ridiculous target price of C$2.60, and then never refreshed his analysis as the stock price plummetted, now releases his list of recommended cannabis stocks which is devoid of VIBE. Take from that what you like.
Additional facts:
- VIBE stock never reacts to industry sector news that affects most other US MSOs
- On October 6th, 2022 when the biggest sector news in years moved most cannabis stocks by upwards of 20%, VIBE was unchanged on a pathetic volume of 11K shares.
- the stock has no liquidity and average daily trade volume is below 10K shares or C$2000. So when the pumpers boast about increases in the stock price like today, realize it is being manipulated on minimal volume. This is not a rally.
- VIBE investor relations doesn't even respond to inquiries from retail investors and when they do they it is with information about buying VIBE swag.
- VIBE continues to suffer from the woes of the California cannabis market including prohibitive taxing and a large black market that far exceeds the legal market in size, even with law enforcement efforts to quash it.
- VIBE's last financials showed large losses compared to the previous quarter and it is unlikely that the next quarter will be any better.
- One of our most prominent pumpers now "prophesizes" that VIBE will be bought out by end of year. At what premium ? Even at 100% premium all VCAN and most retail VIBE investors will still incur huges losses.
- We are now heading into what could be a lengthy recession. The GOP may take the House and Senate in the November elections. This could stifle any future momentum in cannabis stock prices as safe banking, decriminalization and 280e will take a back burner to other GOP agenda items.
So when you read the posts from our regular VIBE pumpers, keeps these FACTS in mind, perform your own due diligence, and fact check their hype.
GLTA