Chalice Brands Ltd CHALF

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[jutah70]

Not even sure what to caption this post.  Indeed I am sure I am not the only one to bouce back and forth between enthusiasm and frustration.  As positive as I am on the potential and catalysts that lie ahead, one can't ignore the behaviour of the share price. This post is not to stir up controversy or get a big debate going.  I've nibbled away at more shares in the mid 30's recently (and by far my biggest holding - so balls deep on this one).

I have already documented enough times what I see as the positives and why I have stepped in.  But I am reminded lately of a few things.  1. A video I watch that was posted on stockhouse featuring an interview with Rick Rule.  Essentially it was saying (in general, not about GLH) either you are wrong, or you are early.  For so long I have felt early.  Now second guessing myself a little.  2. That when a stock is not behaving it could be the sign to step aside.  I have done the opposite.  I have just kept buying the slide.  Feeling like someone at a blackjack table who keeps going back to the cash machine because 'it's just an unlucky streak'.

I do have the following reservations.  The amount of time getting a listing is taking.  As well, why they wouldn't have just chosen the sensible route and stepped up to TSX first (then establish themselves interlisted on a major US board).  It is a more favourable exchange and environment right now.  Could you imagine how their numbers would be used to compare to companies like CGC?  What would that do for the stock?

As well, it feels as if the can is being kicked down the road until the fall election.  Moreso about the share price being held down.  There is one thing for a disconnect, but 10% of the value of CGC?  I know it is not an apples to apples comparison, but at some point one has to take stock of the situation.  Months of excuses will keep rolling into months more.  In such time when a new president gets in (on the coattails of appearing in favour or neutral on legalization) they can change their stance.  And it will be 4 years of complaining, but they can make more promises then to stay in power.  They can cite all sorts of BS reasons along the way.  Then it doesn't get rescheduled (lots can be fabricated to support their continued stance).  But all the while buying more time to change laws in favour of big pharma.  Go the route of synthsized and biotech, and stifle companies like GLH.

Just leads me to wonder if they won't get the listing and just take the company private considering all the legal headwinds (especially the federal overhang).  Man do I ever need to be wrong about some of the negative thoughts.