GREY:SIXWF - Post by User
Comment by
KC8on Jul 15, 2020 9:56pm
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Post# 31273895
RE:RE:RE:RE:RE:RE:RE:RE:Cannabis revenues
RE:RE:RE:RE:RE:RE:RE:RE:Cannabis revenues
Dontshortcxr wrote: Ok let me address this.
The stock is being manipulated (a continued selling into the bid for small amounts of shares).
Last offering of stock was at 70 cents. ( why would the company offer stock again at 40 cents?
Anouncement of any sales will drive the price higher. No great amounts of shares are being moved.
"Why would the company offer stock again at 40 cents?" If they needed a current financing they could no longer expect to do a placement at 70 cents. Current market conditions for the stock would take presedence and the P.P. would likely transpire between 35 and 40 cents.
Your point on manipulation - "selling into the bid for small amounts of shares" - In your opinion, what is the purpose of this practise?