RE:RE:RE:Did you guys see this?RetailInvestor9 - (2/9/2021 1:00:21 AM)
RE:RE:Did you guys see this? @ mydogchach - what's your take on things to come and how would you play this stock with 6 -12 months investing period.. do you think a potential PP is on it's way further diluting shareholder value? or do you think they'll try to get into a merger/or be acquired before the next round of results. Just wanted to get your thoughts and happy to hear from others as well.. Btw I finally broke even (@13cents) and sold half of my holdings (c500k) @ 15.5..been stuck here for too long and I'd like to have some cash to invest other plays!
My own view on Zena is reflective of my view of Canadian cannabis in general. As we all know - too many growers, growing too much, just unrealsitic in trying to grow too 'big' too fast, black market, some poor provincial roll outs government.
If I had a free $100,000 - which I don't, I would not invest in Zena - or any other Canadian company.
The U.S. with more states legalizing offers so many opportunities to 'get in early' and make some serious cash in a shorter term. Think about it - Callfornia alone has a bigger market than all of Canada, and they grow their own - not import from Canadian companies.
AND I would buy only companies that are complete cycle - start to finish, grow, package and
market in their own stores/dispenseries. New York (#2 market) is getting set to legalize, personally I'm looking there for companies already licenced - as well as California.
Anyway - my opinion is that Zena has to merge or be bought out to survive.
Failing that, there's no choice but to raise money and dilute. The recent changes have helped - but it's probably too little too late to survive on their own so additional financing will only delay the innevitable.
Without a mger/buyout - my guess is shut down by mid summer.
If they do merge - current shareholders can expect to be unstaisfied will the result - getting maybe a 1/3 share of the new company for every share of Zena.
Good you got 1/2 out - yes, if you have that kind of cash, there are so many U.S. plays rather than waiting on this POS PENNY STOCK for another two years (if they make it that long)