The Canadian Bioceutical CBICF

Why I got out of MPX

[bloozguy]

This company has a ton of potential and was a great trading stock for a while but ever since the Jeff Sessions nonsense it started to become heavily manipulated. The trading range narrowed to the point where the risk reward ratio wasn't worth swing trading it. As far as a long term hold, yes sooner or later they will make their mark but up to now it's been an opportunity cost to hold. I see the call had some impact so I'm taking another look....but what concerns me is the CEOs tendency to overpromise and under deliver with regards to project timelines. On his last conference call he stated everything with the Owen Sound greenhouse was proceeding on plan and that a licence announcement was due in March. Not only are they not even close, but it sounds like it's not even a priority anymore. Makes me wonder why they started down that road to begin with, no cultivation experience and a leased building with no customer base in a different country. Scott's strategy sounds good but his execution at least on the rec side has not been very good and his strategy now seems to be focused on US based med clinics. The Owen Sound facility will be a bleed and I fear more financing/dilution ahead. Hopefully the buzz from the con call will hold and the stock will at least break out of this .70-.75 cent bogus trading range.