OTCPK:SPLID - Post by User
Comment by
MarkDRichardson Oct 26, 2018 10:35am
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Post# 28877391
RE:RE:RE:Pretty much
RE:RE:RE:Pretty much Last year the price run up had nothing to do wtih consolidation, it was because California was legalizing. The price downturn was started by an announcement from the US administration that repealed the Obama era policy that the Federal Gov't recongized that legalization was to be determined at the state level.
Although there appears to be a pattern, I think it's a coincidence. We might see an increase again and it will be because of the balance sheet news. There are lots of factors that impact price. The biggest consideration is expected future profits.
Almost everybody here is in agreement that this company has revenue potential to be profitable in the medium-term future. Some say wait and profit on the instability, others are convinced that we're not going to see a lower price. Only Geo seems to fear that the company won't recover from an early misstep on the licencing side in Colorado. Still, with all the assets they have and the cutting edge technology, there is no way that this company couldn't sell itself to a buyer if we became mired in debt. But, I doubt that scenario still matters. I myself doubt we'll see these prices again after the quarterlies are released. Nevertheless, what's all the anxiety about when we all basically agree?