Fiore Cannabis Ltd FIORF

RE:RE:RE:RE:European Info

[rbm0524]

Comparing this to ISOL and MMJ is proof of the epic fail this has become. I wouldn't touch either of those with a 10 foot pole. Do you think before you spew information? The share price is $0.24.....you are correct that there was a PP at $0.50 16 days ago. 2 weeks before that they did one at $0.86. Do you think any of the people who bought in those deals will buy again? Management/ leadership have failed epically here. They will need to do a deal at $0.15/ share with a warrant at $0.50 if they want a hope of raising additional proceeds. Meaning everyone that invested in previous PP's at double/triple/ quadruple the price are screwed and the warrants they got as part of their previous deal and completely worthless. This is not a good story here.

Toweringmars wrote: Didn't they just close an OVERSUSCRIBED placement at .50 for 4.6m like... 16 days ago? Just saying. They wont have any problems raising capital, only we'll have to foot a little more dilution. Once this thing goes into production we wont need to worry about raising capital. And ideally, with the low float we have here compared to other plays they end up doing a share buyback rather than consolidation like Isol. Relative to peers this thing is on sale big time... look at MMJ for an example, triple the shares and trading at .20 with far less to be exited about.