Confidence form Brokers PP is an illusionOGI brokers did a $ 3.50 pp in Nov 2016 sp dropped to $ 2.00 now less tha $ 2.59
WEED or CGC did a $ 10.60 pp in Dec 2016 sp went to $ 8.86 last week now $ 9.13
EMC did IPO at $ 3.50 sp went to less tha $ 2.20 now $ 2.51
CMED did IPO at $ 12.00 Dec 2016 sp went to $ 10.28 now $ 10.55
etc etc
All brokers use OTHER clients money not THEIRs to give cash to the companies
they get a hefty commission in cash or shares
they are covered
for example when Clarus and Aphria were negotiating the $ 100 million cash deal the clients at Clarus were told they could safely SHORT Aph at $ 8.00 and above with a quarantine to cover with
NEW shares on May 9 when the deal closes
the 100 million cash for Aphria from Clarus came from the "market suckers bag holders "who bought
Shares from the broker short sellers at prices ABOVE the $ 6.50 pp
finally, if any insider REALLY believed that APHRIA would triple to $ 20 by next year for a 300 % return they would get a 4 % line of credit on their house and buy REAL shares like 100,000 or so for $ 600,000 - THAT would make me jump in IMMEDIATELY with my $ 300,000
I have no problem to follow the leaders
where is the millionaire Arlene Dickenson will she splurge and spend $ 12,000 for 2,000 shares or will she buy a Louie Vuitton handbag instead