OTCPK:SPLID - Post by User
Comment by
Diogenes1on Oct 04, 2018 8:40pm
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Post# 28748943
RE:RE:Surprised this is holding .30
RE:RE:Surprised this is holding .30 Champ? Finally some positivity from this board! My point is that the 15 cent warrants are just one of the negative headwinds facing this company. Another example would be: they have no chance for near term profit generation meaning they will need to raise money soon since they have already committed ALL of their cash in various ventures (e.g. Green Therapeutics). What price do you think shares in the next offering will be?
DiligentSon wrote: 1,000,000 warrants?!?!? OMG! You mean a whole 0.29% of the float? A whopping $150k worth of shares?? On October 18, a day after Canada goes legal and the trading volume on pot stocks will be through the roof? What ever should we do??? Listen Sport, When the market is hot, EAT will chew through those shares like a fat kid at lunch time...in fact, EAT will chew through those shares, BEFORE lunch time, in one day. Take a seat, Champ.
Diogenes1 wrote: With huge losses ($2m last quarter) and nothing to indicate they are trending to profitability, I find it really quite surprising this hasn't dipped below 30 cents. It will be interesting to watch over the next two weeks with "1,000,000 warrants with exercise price of $0.15 and expiry date of October 18, 2018". I'll be looking to buy in the low 20s. GLA!