Pharmacielo Ltd V.PCLO

RE:Mexican Committees Unveil Marijuana Legalization Bill

[Dmajorminer]

Who cares about Mexico. Pharmacielo has essentially zero presence there. You dont really think that Mino Labs is much of a real compnay do you. They have some small office on the 3rh floor of some run down building in Hidalgo , Mexico.  Such a major operation...lol.  It apppears textiles seems to be their only small business. A redistributor for Under Armour or something. Just another smoke a mirrors operation.

https://es.panjiva.com/Mino-Labs-SA-De-Cv/59963693

As for the USA . We already discovered that their so called big deal there was nothing but a newly formed shell with the founders of Pharmacielo as the key shareholders.  Just another shell con game where the founders make all the money with really cheap stock and warrants and options. 

Creso Pharma. Another sham.  They forecasted exiting 2019 with only approx $1.8 MM CDN in total revenues. Creso burn rate is $3.6 MM per quarter.  They had $3.7 MM Aussie or about $3.3 MM Cdn left in the bank a month ago . Thats should be pretty much gone by closing time,. I mentioned that PCLO owes Creso $4.5 MM.  Its actaully $5.0 MM in two tranches of $3.5 MM and $1.5 MM.  While the $3.5 MM is mandatory , at least another $1 MM will be needed to get Creso through another quarter from closing based on its burn rate and complete lack of any meaningful revenues.

So my previous post with the 7 reasons why this stock is going to drop hard in the coming weeks to the next month or so are completely valid. Estimated PCLO cash in the bank once Creso deal closes will be less than$10 MM.  Hedge funds are smelling blood in the streets here. The shorts are a combination of large Creso shareholders who found borrow, the likes of Anson Partners and MMCAP, and several other smart well heeled hedge funds . I've been aropund long enough to know that these guys wont be sqeezed out until they cover on a financing at much cheaper prices . Until then they will just continue to punish the stock knowing full well they are in complete control.  PCLO has very few followers and little to no institutional support. Hedge funds control the stock just like so many other companies who lack cash.  Get ready for a nasty convertible debenture deal with an addittional 25-50% warrant coverage at sub $3.00 . Its coming. Auxly is the latest example. Shareholders always get burned.