RE:RE:RE:TimingTurbine321234 wrote: what is going with these 54M shares.
Please explain what will be the impact on the SP
54 MM shares will become Freetrading on December 10 as they were locked up as part of a Private Placement. Some of these shares are owned by insiders and will not sell. Some are sold already which can be done by shorting and replacing the shares, some will hold, and some will sell. The question is will these shares all get eaten up by Market Demand. Likely out of of 54 Million, half or more will hold as sellers won't likely sell the whole amount as many are able to do the math on the future valuation. I believe the rest will get eaten up within 1-3 days and I will have some cash available if the stock dips as once these are out, there will be no holding this stock back as future potential income exceeds the current market cap by 2-5X based upon what multiple you want to use for Price/Earnings. If the company produces at its capacity, (around 75MM grams and earns $4 per gram or $300MM per year, a 10X Multiple would have the valuation at around $10 per share), which is why many do not want to try and catch a dip in fear of missing the run, (which many of us missed by selling early on CGC).