GREY:RVVQF - Post by User
Comment by
optex1972on Aug 17, 2018 2:04am
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Post# 28476171
RE:RE:RE:RE:Signs Services Contract With Alexander First Nation Read
RE:RE:RE:RE:Signs Services Contract With Alexander First Nation Read HowdyBob wrote:
Ahh but all the juniors going from 1000kg production to 7 or 10 or 25 to then 50,000kg next year all did PP's, 2, higher than here; as well as the biggies too. Luckily the big ones faired better the last 4 months when these juniors still at less than 5000Kg have been pounded to last September levels.
With a marketcap of 50 million right now RQB is weirdly cheap with a new facility being approved that can produce 7000kg per year plus it's net work getting it to 50,000kg rate by next summer or something. plus the consulting revenue things look good hear to me.
My bet is it moves quickly with good news in the next few months. Unless you are right and the 70 cent PP was filled with shorters that are just looking to journal their shares over close to PP free trading date like a bunch of the $1.25 PP people did it seems.
A lot of brokers were real pricks early 2018 allowing for so much high price cannabis stock to be sold when their intention was to purely short if off the obvious stupid high it went to too fast because retail jumped in late 2017.
It's a real abuse of the system because they don't have to buy back shares in the market to fill their shorts supporting the stock a bit because instead they just journal their brand new shares over the day they come free trading.
If that's the case then yes back to .40's and it won't end until even after legalization in theory. Hopefully less people meant to short this time and they clear out and let it move with the sector momentum. great news and volume will beat any broker shorters anyday
good points. As you should know by now I been here awhile and been invested for awhile. I don’t like pumpers I hate them as much as bashers lol. However that said I feel we need to acknowledge that under current sentiment license may not generate a lasting uptick nothing sticks. The new market as it is now wants to see real revenue and know how long they’ll need to hold to see profits.
I watch the action on RQB daily and correlate it with volume and also the blocks that are being bought and buy who. To me there is still manipulation and shorting and also triggers showing we can pull back to the .40s based on entry blocks at .38-.42. Meeting at that 20%+ profit from those blocks we are close to that which means we could see some play from these jerks.
Anyhow if people are long and believe in their investment it’s irrelevant. The sentiment on RQB got damaged due to the finding out of the super cheap shares. These guys are learning it may take awhile for people to get over knowing that stuff.
I agree fully on the shorters and the manipulation it amazes me after decades of investing it has not been handled legally. The large exchanges of course have this to a degree as well its nonsense.