RE:RE:RE:Canadian Hospice Palliative Care Association Conference
This is why I hate these pumping boards. A mom grabbing shares thinking it's good for her kids. People pumping her on. I don't doubt in the future this company will do well. They're not there yet. Betting on a government promise is not a good way to invest. If you took all the hype of Legalization away this stock would be trading around 1.50- 1.60 so be careful. I suspect we'll see a significant pull back around November 24th when financials are released and whoever is breaking through resistance up will be doing so down. The company is losing money still about 5 million last quarter negative. If legalization is held up for a few years this could get ugly here. They're adding patients about 250 a month they're at 6000 now and need 10,000-11000 to just break even. They may need 16 months to break even between then they'll burn 25 million at the rate they're spending. They'll continue to raise cash and dilute. This may get hyped up to who knows where $3 $5? Who knows, but watch it close. Buy and hold has never worked with these stocks. For example if you bought at 2.50 last year the market cap would have been 100 million. Now with dilution it's over 200 million. Your shares will be diluted out of existence and you'll keep adding money to average down. Do your own due diligence down read the b.s. here. I'm finding people are jumping in head first and have no idea this company is not making money. Have your finger on the sell button at all times. I've seen this stock tank in less than 20 minutes over 50% Good luck. People don't like reality here so I'm sure to get beaten up for anything but a I love canopy post. But you can find everything yourself at sedar