GREY:IVITF - Post by User
Comment by
fmab011on Aug 21, 2019 4:36pm
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Post# 30052218
RE:RE:VOLUME******
RE:RE:VOLUME******It certainly appears that prices aren't getting any lower.
Volume is very low as is the SP. Look at the 1-3 month charts and you'll see seller resistance.
However, Invictus needs to release some good news with more than fluff to get investors interested. The company has taken steps to reduce expenses. It needs sales and it needs the civil servants at Health Canada to get off their rear ends and issue the amended licence for phase 3 at Acreage Pharms.
Without the license we don't have much as LP's with the cash to buy any competitor out won't do it unless it's a turnkey deal. Acreage is the centrepiece of Invictus.
With the granting of the oil sales licence perhaps more provinces will take on Invictus products.
Bottom line is how long can they hang on? Dixon can't keep throwing his own money at this company. He has everything to gain and a lot to lose.
I'm still a believer that the sell off is over and that a deal for the company can be made.
At this stage, nobody will overpay. Profitability for any weed company appears to be a long way off. Only the strong will survive and I'm sure TD understands that.
Just get us the best deal possible.