RE:RE:RE:read ...the Notice from the Office of the Secretary - OntariThanks Bernie, I am chuckling right now....glad I did not read it... Thanks for posting it, but really, what does it say..... I guess just beaurocratic gobbledeegook..... Ottawa cannot decide if its ahole is bored or punched.... That was a famous saying of my fathers.... rest his soul.
I had a friend call me this week, out of the blue.... I had a lunch with him back in August, at which I told him about bitcoin and ACB.....
He called me out of the blue and wants to dump in 50k of RRSP money that is mostly in rediculous mutual funds that are earning him annually about 3-5% per year. He is a smart guy, but naturally cautious with his money.... We chatted a lot and I told him the downside.... which has become a harder and harder case to make.... I used the usual argument.... it is overbaught and that the government may delay and a tornado may come along and rip a hole thru the Leduc facility.... I tried very hard to make it clear that there are real risks.... He understood them.
We then talked about the upside... and what will come in the future as sure as tomorrows sunrise.... completion of Aurora Sky..... legalization in Canada. expansion into Germany in a big way and probably other places in Europe.... Australia is ripe for investment and ACB is there...The managment of ACB is aggressive and I told him about this mess with CMED.... It is a mess. ACB baught the company that is currently building Aurora Sky and 5 other LP building including GOD(Green Organic Dutchman) and he listened carefully...
I tried to be honest about the risks but he was focused on the charts... He was so impressed with the recent doubling of the stock price..... he said that was the signal that this is really the real deal...... He was happy for me that I captured that....
So I guess to conclude this, I don't think I am alone here, who has friends and family trying to figure out what to do with a few investment dollars when we get news almost every day about pot and bitcoin. I told him he is safer with pot than bitcoin... Because I believe pot is safer... I was honest. He is interested in bitcoin but that is just way way way too speculative for him.... So that is great.....
I plan on guiding him into an averaged purchase in, and he will hold....I know him... and he will make a lot of money.... He is actually the kind of guy who will really get rich from pot in Canada.
Do yoursel and your friends and family a favour and push it a little bit..... just get them to put in a little bit........