RE:RE:Ya can’t trust ANYBODY, so DYODD!! It really sucks for those who got caught up in their mess.
Anyone remember that BNN Amanda Lang chick 's comment on edibles that "our kids will be guinea pigs" when edibles are legal? I should have saved that clip it was cringingly funny.
I was in TRST last year and their numbers looked good... but questionable management. Their whole unveiling in an Adult Strip club "stripping away the stigma spiel" was a wtf moment.
https://www.thegrowthop.com/cannabis-business/cannabis-investing/5-things-to-know-about-canntrusts-stripping-away-the-stigma-launch At the end of last year I dumped a bunch of underperformers for tax loss harvesting reasons and TRST (along with a few others,) were in that pile.
I have been keeping an eye on international / political / trade concerns for the last few years and have moved the majority of my investments into more defensive plays - divididend ETFs, interest bearing holdings and so on. Even pulled out some cash too.
Preparing for the Zombie Apocalypse... now to start up mu own guns and ammo business.. lol
Oh yah, waiting to see what new Cannabis company Bruce winds up in. I will load up on that and then trade the hell out of it. Lightning follows that guy every where and I am still a big fan. :)
480Mayham wrote: RainbowRunner wrote: In scrolling around looking for news this morning (as ya do), I came across this old BNN News clip from May 1, 2018 of the Bimbette Barbie interviewing Brandon Osten of Venator Capital (admittedly not exactly a household name) on a number of topics, including MJ and the 4 companies he saw surviving, Venator only owned one cannabis co at the time - CannTrust - and highly recommended it. I just about spit my coffee out. Of course he “thinks” CGC will survive, along with Medreleaf & Aphria. He was clearly there to push TRST. And he wasn’t alone, either then or now, as several analysts and news outlets were pumping TRST up until just recently.
The moral of this story - “analysts” are just pump-n-dumpers in expensive suits who have a vested interest in promoting or decrying certain stocks. They have your best interest at heart about as much as a “financial advisor” does.
skip to 4:30 ...
ONLY 4 CANNABIS COMPANIES WILL SURVIVE TRST looks like it’s gonna open sub $4 today. What a fustercluck.
I agree with almost everything you wrote here except TRST did seem to be a good investment that even received backing from a couple of banks. This is arounfd the time I pulled the trigger. Its hard that good people who did their DD are being raked over the coals by criminal activity. I invested in these guys and lost a good amount after finally selling out yesterday. Some things you just can't see. Criminal activity is one of them.
Mayham