Strategy for Zena LongsIts pretty clear and evident that Zenabis should be announcing reverse split shortly, Would it be a 12:1 or 33:1 needs to be confirmed by the co. Either ways I think Zena would target a consolidation price of over $1 and it does make sense.
Now for all those who are still holding and want to watch and wait, there is nothing wrong with the approach. All boats will rise around the year end into the new year and you guys should take advantage of that.
But remain cautiously optimistic and hold on to any buying after consolidation for atleast a week to 10 days, give the market time to adjust to the new realities. We would also see after a month into consolidation about the private placement by the co and at what price.
Whatever happens make sure add to your positions partly only a week after the consolidation and then another addition only after the private placement.
This would help you get your average down to make way for a profitable exit.