OTCPK:NWKRF - Post by User
Comment by
VeritasVernon Feb 21, 2018 3:34pm
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Post# 27596779
RE:RE:RE:Too much negativity...
RE:RE:RE:Too much negativity...Do you think only HIP can raise money? This is from a new article I read: Weekly Cannabis Report - Don't Say We Didn't Warn You Feb. 5, 2018 6:57 AM ET Cornerstone Investments Why the selloff? Who caused the selloff in the pot sector? The answer is partly the greed of public marijuana companies that rushed to issue equities hoping to capitalize on the record-high share prices. We have written in our previous articles the risk of an oversupply of stocks hitting the market. Every week there are companies announcing bought deals raising hundreds of millions of shares every week. Some estimated that over $1.2 billion of deal offerings from publicly-traded LPs was announced so far in 2018, flooding the market with shares and retail investors are taped out. Many investors who got in after December are probably sitting on a huge loss right now and some have decided to get out to avoid bigger losses.