RE:RE:RE:RE:RE:RE:Share price.....optex1972 wrote: This is where you are off Sanderz. SL for NAM is huge. Why is that you say? Unlike others this is an instant revenue to profits ladder which if I was to be a guessing man is going to increase revs minimum 3 fold that’s being modest. Take a look at where revs are NOW in comparison to the big LPs and understand how to big investors that will look. You can throw your cash at a stock that’s 8-10$+ or one that’s under $2 with over half revenues and growing. Easy to understand imo where money will be invested. My thoughts anyhow I’m long either way here always have been.
Opex, you raise valuable points but the price of the stock does not matter. Whether or not a stock is $8-10 or under $2, it's about the market cap and not the SP. However, I do agree with you in that the receipt of the SL will result in an immediate bump in the SP. The issue that's been going on with Nam is the market knows where they are in the entire process. Kory mentioned the week prior that HC has yet to book an appointment with Namaste to inspect their facility. This gave traders the opportunity to cash out now and invest in other MJ stocks in the short term. Furthermore, with HC issuing the majority of the licenses only on Fridays, investors/traders have no urgency to get back into Namaste until later in the week. We remain relatively flat today because it's pretty clear that HC won't turnaround the sales license in a few days IF they visited the facility this week.
Kory/Sean need to refrain from mentioning where they are in the process to prevent traders from temporarily dumping the stcok in the short term. The weekly 420 videos are nice since they sort of act like a free press release that helps stabalize the stock mid week, but until they receive the license, they are just an online vape retailer which continues to burn cash.