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Bullboard - Stock Discussion Forum Logistics Innovation Technologies Corp. LITT

Logistics Innovation Technologies Corp is a blank check company.

NDAQ:LITT - Post Discussion

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Post by michelleb33 on Feb 20, 2020 1:10pm

Jokes

having a drink. Was thinking if seeking my spce and taken out a good profile on that and buying more of this. But this is still a penny stock. And it not looking good now. . I'll wait to buy more
Comment by Cgbuddy on Feb 21, 2020 10:08am
put , buy order if we pass the 0.15 mark we are will head for $ otherwise this will be short like hell and that will stay exactly where you see it welcome to canada paradise of cash ripper and rat.
Comment by DaNixon on Feb 21, 2020 10:39am
good morning, I was just wondering what it is about LITTs investments that would put their market cap to >100million? It just seems a little high to me, their investment into Champignon brands for instance was only $150,000.
Comment by Cgbuddy on Feb 21, 2020 10:44am
masisve legalization
Comment by DaNixon on Feb 21, 2020 1:42pm
ok cool, I figured that the regulatory framework for psychedelics would be quite different than marijuana and not include recreational use. I just couldn't see governments pitching that, especially considering the polarized nature of North American politics and the increasing zeal of social conservatism. My best guess is for decriminalization as any medications make their way through FDA ...more  
Comment by ScarletSpider on Feb 21, 2020 2:33pm
You're very welcome. If i am not mistaken I thought i read somewhere that decriminalization to legalization will not likely happen until sometimes 2021--so what we have really is bodies of work taking place with still at least a year away from being legalized--I will have to see if i can go back and see what I read in either over here or wherever i read it. I think it was here and i was ...more  
Comment by ScarletSpider on Feb 21, 2020 2:39pm
a snippet from company news release about forming a possible medical office in California from the news release about 10 days ago. The latest version of the California Psilocybin Decriminalization Initiative that has potential to be on the ballot for voters to approve this fall. From vote to result--if positive it will likely still take some time to put into place so a safe bet is no earlier ...more  
Comment by ScarletSpider on Feb 21, 2020 11:16am
At this point, I fully agree but this is from taking SH shares into account at the current price only a market cap of $4M which is quite low and possibly within a justified range although 10-15 cents is still warranted over here but not more than that--at .10 it would be $8M and at 15 cents around $12 M--I would be looking at a .05-.10 range for the present time until you see more revenue and ...more  
Comment by SOBARS on Feb 21, 2020 11:06pm
I see the market cap at only $6 million.
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