OTCPK:NCNNF - Post by User
Comment by
gullible1on Jul 16, 2019 12:51pm
124 Views
Post# 29925577
RE:target?
RE:target?Can I see a target of $6? No. I think this has become a case of HEADS I WIN, TAILS YOU LOSE.
Mr Market is now mocking us retail investors.
IF the crop is a success (and that's a big IF), then what will happen is some company like HEXO will move in and buy you out for a 30% or so premium. IF the crop is not a success, then chances are that the stock will tank very badly.
The "iconic" CEO was too busy celebrating her own birthday on social media and smelling her own farts to actually promote this penny stock properly and build up some serious price momentum.
This stock was $1.05 the week before they were approved for an outdoor license. Where are all the news stories and P.R. to keep the price strong? Where are all the updates about how well the planting is going? Only when they had finished planting did they inform us that the job was done. Meanwhile, the stock price cratered.
So, now you will NOT benefit much from the success of this penny stock. It will be bought out for a modest premium if successful. The buy-out price will still be LESS than some of the folks who paid $1.50 or so earlier in the year. Of course, if they fail with the outdoor crop for whatever reason, then 100% of the losses are yours.