RE:Was in the PP at 3.35$$ The fact I am the only one on the first page to provide facts and factual analysis is very concerning.
PCLO is grossly overpriced and only soared because of technical oversold + canopy momentum
This is a cash burning machine with 0 revenues, 0 sales, no exporation licensed and no GMP accreditation.
Anybody saying otherswise is either a liar or a paid pumpers looking to cover loses.
Cheers
PulcanFan88 wrote:
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 !