RE:ebbs and flows- Good Post kazzman. Finally, someone who is trying to see the reasons why this stock has been battered.
- IMHO, that "Institutions" are going to play this from the short side and I will tell you why.
- All those LOI NRs that hit the market in the last few months meant that in order to come good on those LOIs and plans will need a lot of money, regardless of what was already raised through PPs.
- Then came the trip to "Bay Street" and the "photo shoot with the Bull on Wall Street". As I recall, the stock was trading in the .90s at that time.
- Then we have the "Thursday event" where we find out a 180 degree turn. No more "optimism" about MMJ. Lot of unanswered questions on Saskatchewan property and the deal with the fabricator. But the "cherry on the cake" was the shocker of building a "roof top garden" in Vancouver.
- Big Institutions smell blood as they have a keen nose for it. So, where are we now ??
- Stock price stays at or below .40 means that AFI gets no money as they are expecting from the exercise warrants in August (3 million - 4 million.... I believe).
- That puts a big dent in the overall scheme of things coz now we need financing... but stock is low.
- So, in case we approach the market again..... how do you think the market reacts ??
- Any logical disagreements welcome !!.