OTCPK:NCNNF - Post by User
Comment by
uptown59on Mar 16, 2019 5:07pm
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Post# 29496449
RE:RE:RE:48North mentioned 1:41.50 mark
RE:RE:RE:48North mentioned 1:41.50 markTalking about scams, these guys with there nonchalant cool behaviour are basically pumping stocks they have an interest in and bashing everyone else hoping to convince investors to jump to their ship.
There is some truth to wash trading, shorts will contribute to SP climb but only because there is catalyst and volume. At some point when volume subsides they attack, creating fear and triggering stop losses.
Short interest is way up currently aprox 4M shares short, so on big news they could cover probably in a day if 8 to 12M volume. I agree that wash trading happens but it happens everywhere all the time, so nothing new. 48North has a huge opportunity to execute here and that will drive the SP.
Think about the positives, grow houses in place growing organic, JV with Aviva, JV with Tokyo Smoke, JV with Canopy, outdoor grow license in the mail, massive amount of cash, supplier agreements including Quebec, think Hexo, many others.
GLTAL