In My OpinionAs a long time former share holder with a bit of an axe to grind with this outfit I believe it behooves me to come forth and supply others with a totally objective viewpoint regarding this companies perceived mismanagement and manipulation of share value. As most know, the quarterly update is coming in 5 to 6 weeks. Together with the recent news regarding partial conversion of the subordinated secured convertible notes resulting in the further dilution of shares by a further 38 million shares outstanding, still leaves the total outstanding shares traded to be not quite 25% of the companies actual value in assets alone.
With this news comes an answer to previous speculation as to why the share price has been suppresed for so long. The fact is those holding these conversion shares stood to gain aproximately 7 times more in their conversion by keeping the price down at these levels. Further to that they have been given 30 days to convert. Once this has been acheived, the quarterly results will be announced and my thoughts are we will finally see Zenabis shares increase in value maybe ten fold. This is just speculation on my part, you make your own decisions after you conduct your own due dilligence. I hold low regard for the management of this company due to their disregard for shareholders and their aparent opinion we shareholders are nothing more than a revenue source.I personally sold out my stake in this outfit and bought BLDP and SPCE so as a result my capital has increased dramatically over the last almost two weeks. There is money to be made in the market in other sectors besides pot stocks. I will continue to monitor the situation with ZENA and am prepared to reinvest when things start to move however, As soon as the initial profit potential is realised I intend to dump this crappy company and never forget who the management is and has been in order to insure never being involved with them again in any way shape or form. As always, just callin em as I see em. Have a nice day!