RE:RE:selling selling sellingIndeed Duedil33,
It's also clear that the real selling only takes place above 90 cents. Someone must have a price target and that person is guiding the stock at the moment, When it is below 90, the stock seems rangebound and there is low volume. When it trades above 90 there is a mountain of shares on the ask.
What are we to make of this? My estimation is the people who bought the 50 cent paper are exiting their position. They have 6 million shares. In total we've traded around 18 million since the RTO. Many weak hands are being shaken out. There were million share (plus) days when they announced the Alberta deal and the Aphria deal. Those people saw the price of the PP and bought in because shares were trading at a discount. Those hands may also be weak.
So it is a matter of time before the 6 million shares are gone (all traded around 90 cents). And the new shareholders (mostly at a1.00 or higher). Once these people have cycled out then the stock will appreciate.
Worst case scenario, we can wait for earnings, when this company will show what it is worth. Unfortunately that is a few months away. But the more CMM trades at this level, the tighter the spring becomes coiled.
Motivated sellers who bought the 50 cent paper, looking for a quick rip, have to run out of shares eventually.
Duediligence33 wrote: The market can understand if a LP grower opens a new or larger greenhouse They do easy math 100,000 Sq ft = 7,000 kg cannabis x $ 7 /gram Gives 49 million revenue with 20 % net profit is a out 10 million EBITDA over 100 million shares so they can BUY the stock with reason CANABO management has FAILED miserbly to explain in plain English numerical to understand terms for a Typical clinic 1. What profit margin for doctor patient overhead per referral 2. What can proprietary data sell for and to who and have there been ANY sale of data so fa5 3. What in house reports are sold for ND to whom and how many have been so so far 4 History of losses not explained on turn around tactics 5. CASH FLOW NEGATIVE only supported by dilution financings SHARE PRICE WILL ONLY MOVE AFTER MARKET UNDERSTANDS THE VALUATION