RE:RE:Creso Pharma deal in complete disarray Been travelling in Europe and far east the last 10 days, so have not chimed in for a while. As I predicted and Randomtask then refuted , the Creso deal now 100% dead. Now he and the rest of the hypocrites on this board will do their best to put lipstick on this PCLO pig by saying that Creso rejecting the deal is a good thing for Pharmacielo. What a joke. So now PCLO has absolutely zero distribution. Its Mino Labs in Mexico is just a small little company who sells woman's hygene products and Under Amour. Despite what Randomtask is saying that bill of lading was real. So was the one link to it Undor Armour distributor. Its all smoke and mirrors. Despite that at least RandomTask was honest enought to tell you all that the new laws in Mexico that I pointed out in my last post make the Mexican market dead to PCLO. So Mino is a moot point.
Why did PCLO stock run a bit this week after Creso walked from the deal. Its because the MJ index added about 500,000 shares of PCLO in its quarterly rebalancing despite PCLO's poor relative performance. The MJ ETF actually is a bit of a scam. They add stocks to the index that have high borrow fees and then lend out 100% of the stock to collect those borrow fees ( MJ shareholders don't reap those benefits though). They then lend that same stock to hedge funds and company insiders who then short it offshore so as not to report their sales. Only losers are the actual shareholders of the cannabis companies becuase the stock just keeps dropping . Once MJ index settles their shares early next week you will see that same 500,000 shares come for sale. Total scam but everyone is doing it.
Hey Randomtask. Why dont you ask about what happened to that $3 MM wash trade fake shipment to that shell company in the US that the PCLO founders set up. My freind who was on that Grit Capital trip just told me it was lost. Never made it . Dissapeared. IIROC/OSC will be shortly looking into this false announcement. So Pharmacielo revenues without Creso and with that lost shipment is ZERO for 2019. Shareholders, your being lied to. GMP downgraded PCLO target to $9 but expect another quick downgrade once this news hits.
Have a good evening.