GREY:GGTTF - Post by User
Comment by
Fizzy1985on Jul 06, 2018 7:58am
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Post# 28276616
RE:RE:RE:RE:RE:The first major financing was done at 60 cents
RE:RE:RE:RE:RE:The first major financing was done at 60 centsGo download the corporate presentation, you will see that there is a lot of cheap paper at 60 cents. Once those sellers trade hands there should be some upward movement. Those 2 cent shares are all locked it for 3 years so no real worries there. This is typically what happens with a reverse takeover. Rises over the first few days on excitement only to trail downwards before picking back up. This is not a good stock for a quick gain though IMO. Good for a long term hold. I do think after doing research that this will drop lower. They are expecting 50k kgs but only by 2020, GENE in comparison which is where the CEO started will have 40k kgs by this year and has a sales license. Investors are going to be looking at FINANCIALS now more than ever, which this will lack on. I still think that with all the upcoming news in the pipeline that this will be a good long term hold.