RE:RE:RE:Misleading news release If you think that trying to short squeeze a severely overvalued stock like PCLO is a sane way to spend your money then I suggest you throw more good money after bad and go right ahead. Personally I think you need your head examined.
The short position isnt even that big, a few percent of 110 million shares is nothing. The shorters, Anson and MMCAP can and will go much much larger on this position on any lift in the market cap as they are deep pocketed . They know PCLO will need money and a 3-5 MM share placement of an overvalued company in these markets isn't going to go well. I'm thinking maximum $3.00 There is no one following the stock, only GMP and they just sold their insitutional side, a washed up firm.
The horrible Creso deal is about to sting PCLO in the face. There are nearly 9 MM shares coming for sale from that over the nexy 30 days because 90% of the Australian accounts do not have the ability to own or sell Canadain shares. So they have to sell their Creso shares and the arbs will shortly ( as deal nears close....now !) just buy the Aussie shares from them and short the shares of PCLO here and lock in a small profit. Why do you think Creso is at .36 cents.
If your buying the stock waiting for some magic announcement from PCLO about the fact that they were the last cannabis company in Columbia to get GMP certification after Khiron, Avicanna, Clever Leaves, etc then you should also have your head examned. No one cares. They are dead last. Worst cannabis company in Columbia. Any analyst I've talked to has said those very words. Bottom of the barrel.
So buy it up all you want and keep listening to the slimey promoters who have cost you some serious money so far.