RE:So here it is...thamtham wrote:
This financing should push them over 1 billion shares. I thought 200M (pre-split) would be good number when it gets its cultivation license for the Delta facility. But then they do have others in their portfolio that need money to operate as well. If the SP was more favorable, I'd do more financing to take a run at the AusCann stake that Canopy sold too. Now, seeing TGOD deal and financing reality at this moment for cannabis companies, prop to the management to pull it off. Of course the current valuation plays a big part as it's still way too low for what they have in their possession and their potential future earnings. The current MC, they just need 20M in earning if using the conservative 10x forward trading. I laugh at the ones on T keep tweeting about too many shares, dilution, etc.
Gotta say I was hoping things would go quicker with HC. Aside from the revenue generation, there's opportunities. I bet against other companies because I thought many were way overvalued and acquisitions with insane valuation. Once the hype evaporates, will impact those big time, and one's misfortune is another's fortune. You don't wish misfortune on anyone or company but if the opportunity presents itself, gotta take it. My company bought a bunch of companies, and two of those weren't just to expand or enhance our portfolio with their potentials but they were going under during the downturn. One was our direct competitor in one part of our business and another was our JV partner for operation in the ME. Actually, we did get a bunch of new customers absorbing that competitor but not that many at that point. Maybe being in O&G boom bust cycles for the last couple of decades, I sound heartless but that's just business. Only the fits will survive. Good management, vision, and diversified portfolio offerings will help achieve that and more.
Anyway, the SP staying around here until they get their licenses is a good thing. The biggest pumper and also the biggest dumper/basher of PUF/AGRA with some followings still lurking around. But those are just small guys. The big guys are making a killing. Been tracking the trades and some with similar patterns, tried to prop up and then dump. Market makers or market manipulators are what? Their only goal is just to manipulate the retail investors. Don't fall for their trap. If they bring down the SP and retails do not sell, those losers/brokers will lose their shares unless they buy back or cover their shorts. And with them using their shares to bring down the SP, opportunity for others to soak up those and make them lose their shares. It's just common sense but I know it's hard when retails look at the SP and freak out. In the end, it takes conviction. A prominent trader years ago told me to treat it like a war, because it's pretty much a war. He chose to be trader because he believed most retailers are easily manipulated, being in the market for decades. When they see their losses widen, when they see their gains shrinking, when his types can 'program' more and more to convert to traders/flippers. There's no secret to it.
Well stated!