Was in the PP at 3.35$$ Just sold at 8.10$ all my PCLO holding. Thanks to the buyers
Company is good but currently grossly overvalued
They need to secure their GMP lab and be verified by a third party to create value,
we need to see international sales and
they need ensuring cost per gram below 25cents/gram (and be audited doing so)
before they can be valued at more than 4.50$/share in my book (around half a billion dollars fully dilluted)
Great company but the risk is very high since it's a cash burning machine for tooday
I was in the April private placement so I believe in the long run chances of being something bigger, but for now I must agree with people stating this is overvalued on a peer-to-peer basis
Have a great week end
Thanks !