GREY:BLEVF - Post by User
Post by
blueboyon Dec 06, 2017 8:11am
117 Views
Post# 27098921
Great that BE got the license and more money invested but...
Great that BE got the license and more money invested but...I don't like that the shares were issued at only 1.50
With the shares around 1.75 at the time and with the license to produce oils imminent, BE should have been able to get financing closer to the 1.75 price. That would have shown great confidence in the company.
With the new shares so far below current levels, I worry about a slide in the share price from here, back closer to where the new shares were issued (or sub-$2 anyway). I have seen that happen on many MJ new shares issues this year...
BB