OTCQB:EMHTF - Post by User
Post by
Invest4Life2016on May 04, 2017 9:26pm
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Post# 26206550
Down 40% In 3 Weeks - Expect Another 40% Drop Few Months!
Down 40% In 3 Weeks - Expect Another 40% Drop Few Months!I cashed out of this sector the 2nd week of April and those that did not are already down 40%. The hype will calm down over the next several months as there's exactly 100 applicants in the final ACMPR approval stage for commercial growing licenses. The IPO race is definitely heating up for those applicants, since there's no other way to raise the huge sums required to capture a piece of the recreational market. There's only so many investors willing to take the risk on hearsay projections and numbers, so look for these inflated valuations to drop down to reality.
Caveat emptor!