OTCPK:CNPOF - Post by User
Post by
darter2on Sep 24, 2018 5:15pm
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Post# 28680984
Hoping for a $5.00 entry price....
Hoping for a $5.00 entry price....Not sure I'll get it (and may not) but looks like it could happen. Shouldn't be out of the question with consideration of this excerpt from a midas letter article released prior to IPO debut.... Good luck to all.
"Keep in mind, the $3.50 RTO price was decided in mid-June, when sector values were diminished. As a rough proxy, the Horizons Marijuana Life Sciences Index ETF (HMMJ) closed at $18.40 on June 15th, versus a $22.34 (↑21.34%) close on September 14th (today). If the market ascribes RIV a proximal shift in value, the stock could quickly trade above its implied RTO starting price—perhaps in the $4.25 range. Add in the still-pervasive FOMO mentality driving the market—irrespective of Thursday’s harrowing price drop—$5.00 is not out of the question on opening day."