RE:RE:RE:RE:Is PAS a Pump And Dump?Good Morning MA. It is nice to know that this has caught your attention as well. I missed buying this early yesterday morning at under .50 but will keep an eye on it again.
I fully agree with you that the risk/reward is something to really consider as this is a penny stock. However, like you said the company does not have many outstanding shares and made great strides in cannabis-research. I am pretty sure that a bought-deal financing will be announced soon but any negative effect of dilution should be temporary as long as the wider-market sentiment hold positive. The biggest positive on this stock is the potential "buy-out."
Will try to get some on Monday. And thank you again MA for kindly sharing your knowledge and experience.
GLTA
MartialArts wrote:
Hi EI, nice to see you here. Good, honest discussions are always encourages.
This is a penny stock so normally something I totally avoid. But if you pick them carefully, they are worth it.
This stock has a very low float and low issued share count. At 37.40M shares issues @45 cents ,which is a great buy in price, the company has a market cap of just $16.83M which is nothing in this space.
And can the non-intoxicating cannaboiods have incredible medical benefits. Absolutely but the mass has been conditioned to associate them with "reefer madness" so they have been shunned by the medical community. Buying into PAS is buying into a movement that encourages medical research using this natural plant.
So for me, it's ethical investment speculative dollars. Buying at market sub 50 cents at open.