see what happens in the next few daysbeing the mkt anything could happen...IT could go lower or higher
After visiting the facility last friday i tend to agree with the writer from the FB group
Hopefully the market calms down a bit over night and we don't drop below $0.30. In my opinion that was not only an unjustifiable overreaction, it was a very il advised sell off at the end of the day by some pissed off investors.
I get the frustration with management issuing more insider shares at a time when the stock price is in the dumps and most of the shareholders are down on this investment.
That being said, the fact is that nothings changed from last week when we were all pumped for this stock to start a massive rally because all the fundamentals were finally falling into place. Things are still looking very positive for this company. There's just another 6 million shares to factor into our fully diluted share price. Right now, that puts us at 113,494,894 shares Issued & Outstanding with another 29,252,111 Reserved for Issuance for a potential total of 142,747,005 according to the CSE website.
As far as the cannabis stocks that I follow go, anything under 150,000,000 is a low share count. The potential issue going forward is going to be at what price LDS does (if they do) another raise.
Maybe this is me being blindly optimistic because I'm down a ton of money on this investment and I desperately want the company to be a success, but the fact they issued those options now does have the potential to be a bullish sign. These guys want to get filthy rich off of this company, so I don't doubt that they issued the options today because they know the big move in this stock price is coming very soon.
The options are at $0.465/share and the market value right now is $0.34/share, so it's not like anyone who was given the options is even making any money on them at the moment.
We saw video of LBS packing up tubs of Cannastrips for distribution last monday, so we know news regarding Cannastrips in multiple dispensaries accross the state is coming any day. The new packaging should be arriving very soon and then LDS can go full steam ahead on Cannastrip production. LDS is supposedly very close to announcing two new products. In the last 2 months the state nearly tripled the number of licensed cultivators we can potentially purchase biomass from. Our Nursery is up and running with Cultivation starting soon, and the state isn't going to screw with the regulations for at least 11 months.
Again, maybe this is just wishful thinking on my part, but I think Brad wanted to make sure he got his cheap options before he really blew the lid off of LDS. If they'd issued these options in the low $0.20's I think they know they would have cause a riot. So, throw us a couple bones last week, make us happy, then issue themselves their cheap options right before Cannastrips finally launch along with more good news.
I know this is blind speculation on my part, but I do think it makes sense. Either way, I don't think these options are as nearly as bad as the drop in share price would indicate.