RE:RE:HEYYYY, WHAT'S HAPPENING??vulcan123456789 wrote: Starsearcher80 wrote: What's going on here today? The stock is off over 3.5% today...on the day before the big announcement?? I thought you said "back up the truck", and "too the moon'! But this doesn't feel like that. It feels more like dumping to get out of the way and smart money exiting.
But you promised us.....didn't you? I'm so confused. ;)
i say the market is especting more of the same.. huge losses
WEED has alot of cash but they didnt use much of it to buy FIRE, instead they chose to have the shareholders pay for most of it, the ship has almost been righted but they still ave along way to go in terms of revenue. They will likely report revenue similar to HEXO at triple the SP and still larger losses. WEED likely will need the cash to fund the operations for another year or so before being cash positive and the longer this takes the lower the cash in the bank gets and the lower the SP will fall as more and more investors get nervous. WEEd jumped 10% last week over no news so it will easily fall another 5% tomoorow when all the US investors start to sell. I'm not bashing the stock it simply is the the most expensive one out there right now so traction is difficult and will be for some time without substancial news.