RE:RE:RE:There is panic and opportunistic shorting HowdyBob wrote: Nobody shorts a 12 million market cap company that is barley trading $30K to $60K a day this aggressively unless you know shares will be coming available. Nothing happend tuesday after the halt came off, not much yesterday after plenty of time to digest and not even this morning in the 1st hour of trading, but all of a sudden in 3 hours we are at almost 9 million shares willingly sold and I would argue more importantly, 9 million shares worth of buyers have showed up. getting a great deal if this company is good but the arguement here would be that things are not good and is why the dumping is happening so why buy the shares?
If it stays this low and george is forced to re-sign with MCAP, then their new conversion price will be pretty darn low and if the dream still comes true, wow will the make a lot of money
I have trouble following Canandian stocks so I gotta ask...
Have the sellers of DigiGro received their shares already? They could be the ones selling if so
On a side note: Really hoping there's a turnaround for investors here. I hate to see folks lose money, been there myself a few times.
Really do hope there's nothing wrong with the facilities and more specifically the orbital gardens growing method. Seems very odd for there to only be 75kg produced in a quarter. I suggest people look at a couple of RotoGro's 2 Canadian customers who are fitting out the first stages of their facilities and just starting commerical harvests - 'Miricale Valley Cannabis' and 'Oakum'. Perhaps following them and watching if they succeed will give us all an indication if this tech is the real deal or if there's simply a major fundamental issue with stacking orbital gardens on top of each other.
If these 2 companies struggle too, I dare say we should all get out of both RQB and RGI.
If they succeed then I still hold hope for RotoGro and RavenQuest, just as long as the lawsuit doesn't ruin either company