Sorry to sink the party boys and girls.As an aside before I begin, thanks APP for making me $600 in a day trade today.
So, I day traded this today without even looking at what the company did. I just finished doing some DD on the company and quite honestly, I'm glad I'm out.
This company has no revenues, and plans to use anecdotal evidence to produce "clinical trial" level data. ( I can think of several scientists I know personally who would contest that).
Look at what CMM (Canabo Medical) is already doing. Talk about a company with ACTUAL data on medical marijuana users that is years ahead of what APP is trying to do.
Then look at CYX (Calyx Bioscience) and their work on blockchain and creating a cannabis app. They are also years ahead of APP.
Furthermore, the use of blockchain in APP's app is completely not necessary. It's like people forgot that data bases don't need to be verified with blockchain. There are no transactions going on with APP's app. There's no reason to utilize blockchain.
In any case, my DD told me that this company is a sham that is using 2 buzzwords to create a stock price increase. They bring nothing new to the table that other companies aren't doing better and for longer. You can't take anecdotal evidence and turn it into good data. You don't need blockchain for what they're doing.
All that being said, see you tomorrow to day trade this again. What a bunch of fools.
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