OTCQB:EMHTF - Post by User
Comment by
FortMacMoneyon Oct 23, 2017 5:42pm
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Post# 26847192
RE:I think the current issue is
RE:I think the current issue isHi Matthew,
Great post, nice to see an intelligent exchange of ideas.
I agree I think EMH is likely to be looking for additional financing in the near future. Our share price is continuing to slowly rise and I have consistently noticed what appears to be deliberate attempts to keep our share price from rising to fast. The number one strategy being used is to sell small allotments of shares below the current trading price. Another frequently used stragery are cross trades between the same house again often below the current price.
When EMH is looking at additional financing it is likely that the current share price will be used in an equation to determine the selling share price of the new financing. As you pointed out our last financing was at $1.85. Since that time we have formed an agreement with VFF that has added significant value to EMH and the possibility of becoming one of Canada’s largest producers.
It is possible that the unusual trading I pointed out is just games being played by the shorts or it maybe one or more institutions wanting to keep the price down for financing.
I like your $2.00 dollar mark for financing, however I am going to raise the bar and say $2.25. We have a low share count and anyone trying to accumulate a large amount of share on the open market will likely have to pay above the $2.00 dollar mark.
I am hoping that the current pilot plant testing around oil extracting will lead us into an accusation or partnership with another company. If EMH decides to build their own facility they will likely require additional funds to do so.
All and all looking good for EMH.
GLTA