Ventura Cannabis and Wellness Corp CVHIF

Quote from Midas letter regarding PHM/CXV

[scoobybpc]

I thought this was interesting, basically saying to use this downfall as an opportunity with PHM, and that CXV followed suit:

In the Stupendous Reversal of Fortune category, Midas Letter Portfolio holding Patient Home Monitoring Corp. (CVE:PHM) topped the volume traders on the Venture exchange today by giving up a third straight session of ground adding another 23 cents today onto the 40 plus cents it hemorrhaged last week on a colossal 16.8 million shares traded, as the bloom comes off the rose temporarily to incite a stampede for the exits. There are no developments visible in any media to account for the mass exodus.

We believe it is just an inherent characteristic of the company’s business model of using its shares as currency to acquire companies. With the increased pace of acquisition over the last 12 months comes an increased amount of shares. So as I’ve said before, it’s a buying opportunity and the day will come when we will look back on this gift with fond memories wishing we had bought more.

Convalo Health International Inc. (CVE:CXV) whose fate is inextricably bound with that of PHM has followed suit in tandem with its bigger brother company, as both companies feed profit selling from earlier lower priced share acquisitions.