RE:RE:RE:RE:I find it hilarious that there are people here that are GoldEnrique wrote: That's possible for low 20s again. IMO, last two days of May will be red and we may see a Bump next week. Don't think either it will falls in the teens but who knows...(or at least, I don't see it falls below MMJ'...I already don't understand when I compared their Mk cap..43M$ vs 60M$)
And where do you see the SP in June after senat vote and maybe license? Do you think we will see dollar land in 2018?
It all depends on how much more dilution this company creates to fulfill all it's grandeous future plans.
It needs money, and how is it going to get that money without printing more share certificates.
The cheaper the share value, the more share certificates it will have to print and you can always find LOTS of people to get into a private placement when the share value is low, much easier than finding them when the share value is higher.
In hindsight this cheap private placement last August [url=https://www.stockwatch.com/News/Item.aspx?bid=Z-C:UMB-2501815&symbol=UMB®ion=C]https://www.stockwatch.com/News/Item.aspx?bid=Z-C:UMB-2501815&symbol=UMB®ion=C[/url] might have been a mistake as it added over 87M shares to the float, but who was to know that weed stocks would have taken off the way they did back in December/January.
IMHO. If the cultivation license comes in AFTER legalization, without further dilution beforehand, and we are in the middle of the shortage then we may see a short lived run to a new 52 week high.
But then reality will set in when people realize that there is no cash flow to support the run.