Is it over?I think we’re just getting started with the big moves.
Have been reviewing a lot of different boards today and have come to some conclusions. From the sound of every board out there the sky is falling.... time to get out. You’ll lose it all.
i don’t think it’s anywhere close to over. Think about it at a macro level.
First, recently....so many pp have been closed at share prices that aren’t too far off current price.. recent 200mill @13 for acb as an example.... wmd 35 mill @3, Mari 185mill... too many have happened to name. Very large financial groups have placed hundreds of millions of dollars, close to a billion, across the entire market in the last 4 weeks at close to current prices.... within 20%....they’re not going to do this without knowing they will get a Very large return. And it’s not going to come in net profit! At least not for a few years....it’s got to come from share price growth over the next 12-24 months, operating financials 24 months out. If you review all the pp that have been done lately in the major 12 names.... it’s crazy the volume of cash that has been flooded into these companies. there is still a lot of share growth to be seen solely based on the prices they private placements are being closed at.
second.... the mj companies are sitting on a boatload of cash because of these pp. No way they are sitting on that without doing something.... certainly a lot more than simple operating capital. I think it’s fair to assume we will still see a lot of action on the m&a side.... and that in turn will drive speculation and share price.... for many companies.
For all those doubting out there... no question it’s going to go up, it’s going to go down.... but if you step back and look at what’s happening outside of each individual company I think the players that are actually in the game are telling us that there’s a lot of game still to play.
my 2cents,
glta, cheers