GREY:CCTXF - Post by User
Comment by
ctblizzardon Sep 09, 2017 12:28am
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Post# 26674946
RE:I don't know about being around when the pp is free
RE:I don't know about being around when the pp is freeI agree but could never get an answer on if it can be shorted. A lock up period on private placement stock is worth nothing if everyone can short it . In the US , at least a while back you could not short it if you had restricted stock. But not sure on Canadian rules. Also there is not enough volume to do any meaningful shorting. Although I suspect pros can get it done by just using different accounts and then crossing stock down the road.
However when the stock comes off lock up sometime in December I think, all bets are off and unless a meaningful story develops it will be bad news.
It would be curious to know what people are being told that know more than we do because people keep buying the stock with absolutely no news or story.
Whatever the deal is with Mezzi purses and Cap eyewear brand pauses are never a good idea . They probably killed all momentum .
Also Id like an answer as to why the reported sales disappeared.
I mean how can it not be a material disclosure that over 700k of sales announced in 3 quarterly reports were suddenly wiped clean from the annual financials as if they never happened?
There is no disclosure I could find and had to look to the quarterly breakdown on the MDA in order to see that they showed negative sales adjustment with no explanation.
The thought that they spent millions of dollars and had the whole Demi Lovato thing and wound up with less sales than the year before is a bit nuts.
Best case scenario I see is a possible bump up before the private placement owners can sell giving a small opportunity to get out even to those in at under 4 cents average cost on the original stock , and even that might be a longshot. But who knows.