TSXV:ELXR.H - Post by User
Comment by
Anonxmason Sep 24, 2017 11:35pm
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Post# 26736198
RE:Potential versus reality
RE:Potential versus realityAnonxmas wrote: There is lots of talk on where this is going. This brings positive and negative views from various people, with opinions mostly based on what they hold or don't hold.
With that in mind, I'll say this. I hold a good chunk, but would love to add more.
Potential versus reality
The marijuana industry has a long way to go. Legalization is still not happening in many countries, but as more and more countries, states and provinces legalize, the bigger the industry will get. There are already $10 / share companies prior to marijuana being fully legal.
Here we are today say at .15 / share. We have all the contacts and infrastructure in place to grow a business that could quite easily surpass every other producer. Sounds like a fantasy? Yep, but in reality, it actually does have that potential. Insiders are massive shareholders and clearly want to make this a huge company. If they can negotiate contracts successfully (should be easy for them to undercut everyone else given their cheaper overheads) then this can start to become a massive competitor on the world stage. If they only manage a fraction of their potential, anyone holding here will still do very well.
The reality is, right now, at .15 / share, this is very cheap when you compare to where it's going. Will this be the stock that goes all the way? Maybe, maybe not, but it's a great investment. News will start rocking this share price and people will start to scramble. When that happens, people will not want to sell and the price will climb sharply. This will very likely happen soon and here's why:
Location.
Expansion.
Transport links.
Security.
Experience.
Low overheads.
I m not going to write everything here, it would take too long. Take a good look and you will see that everything is lined up and first crop will be harvested soon. Profit will start and when that does, the price will have to increase. We may still trade at current levels a little while longer, but that can only happen for a short while before this starts to move or gets halted.
Please don't buy or sell because of what I have written, research this company and come to your own conclusions; I'm sure you'll want in or want more than you already hold.
Good luck all
bashers are here trying to pick up some cheap shares it seems.