OTCPK:EMMBF - Post by User
Comment by
PruneFaceon Jan 05, 2017 1:25pm
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Post# 25671152
RE:RE:Look out for all these shares to hit the market,buyer beware
RE:RE:Look out for all these shares to hit the market,buyer bewaredirdyrob wrote: those 1.15 shares dont hit market til april 9 and whos gunna sell before fed announcement april 20 maybe some profit takers because it should be 400% return @4.60 will sell after 4/20 but if news is good there will be another year of good gains based on legalization date ,probably this time next year...
Those shares become free-trading March 11. And, yes, we should expect some selling pressure, if only from the broker's positions. I suspect there will also be some selling from those wishing to lock in at least a partial profit, and why not?. If a person believes in the story, that will be the time to step up on the buy side. A recent example of a similar situation is ACB, although EMC will not be hit with as many shares becoming free-trading.