RE:RE:Could this have anything to do with the 11m options?Not normally holds on options, only expiry dates. They can probably exercise their options at any point but to do that they have to write a cheque for 42 cents times they amount of options they have....for example if someone had a million options they would need to write a cheque for $420,000.00 in order to exercise and then potentially sell them. With the share price only 6 cents above the strike price this morning I would doubt anyone exercised any of the options granted Friday....who knows though maybe late today or tomorrow morning?
I personally think that news of an update on the facility or license status leaked. Also, if people are really thinking, what would they want to use the cash for that the options will put into the MMJ bank account when/if they do get exercised? I think there are a LOT of hints floating around right now that are making investors comfortable that this stock is going much higher. My hope is that there is an update on the potential Ontario large grow facility.
Only one man's opinion!
GL