Wow, speechless...
Yeah, a bunch decided to show up to pump or bash, I had chuckles since that was expected. And I'm sure more will show up. Attracted a lot of new shareholders but also new traders and shorts. As suspected, shorts didn't cover all on the last dump and still short 600K, bringing the total to just under 900K. Someone tweeted that AGRA still needs 100M+ to complete PSC and got a few likes. Ha!!!
But that NR from SOW, I don't know if I should laugh or cry. Okay, after much research, I think even less of them. Very little to show for since its inception, Q Investments. I don't know what junior energy companies they invested in but only 30 something M cap to show for after all these years? Since the collapse of the O&G sector in 2008, most came back strong and made investors good coins, until the last couple of years or so. And I'm talking about companies of all tiers. Digged deeper to see their directors, insiders, and their records of investments and I did mention they were chump changes.
Fired an email to Tim after as I started connecting the dots. Never got a reply back but I now know the answer. It was my fault since I used the chain email that started with the old IR PUF email. When the financings was first announced, I truly believed that DOCC will make money with their PUF shares, but they would have to hold to get the full 20% of PSC revenue. After SOW took over and I began my research on them after coming back from my vacation, things didn't seem to add up. So it all makes sense now that they can get rid of all AGRA shares and still be able to keep full 20%.
It is what it is and good on them for taking advantage of the deal. I don't care if they get rid of all AGRA shares, though I suspect they will keep some, at least the free shares. What I care about is if not contributing in any way, at least don't ruin things, even if just used AGRA to get a piece of PSC. I don't know where have they all been but clueless of the fact that it's been known for months that Phase I completion was to be completed Q2 and for 250K sqft, to me it's irresponsible especially them being 20% owner. This is not even amateur mistake where a typo was made. Even me being away for 6 weeks and always on the road from dusk till dawn, I still tried to keep up with important events.
These NR's are no joking matter. May not matter much when you're small but when you're big, better be careful. If AGRA was in the Billions cap and trading at multiples and this came out? I guarantee that the rats will be all over it. I'm not talking about the ones running around on these stock boards or social media, I'm talking about those professional shorting firms. As I know some still think the Solaris greenhouse is on the table, I can see those rats trying to tie that to the valuation and then claiming falsified info. So, with it off the table, valuation should be at such and such and just short.
Anyway, I refrained from saying much about but got annoyed with their latest NR. Shell company or whatnot, just leech away for all I care. Hope can get something out of them. Still early to tell. History doesn't mean impermanence so can still hope. And sorry if I don't buy into names, if that even applies to any of them, this is business and only performance matters in the end.
On another note, some bashed but it served as a reminder. PSC is without license, why AGRA is at this cap. If licensed, its cap will belong in the same company as those others. Come to this point, there shouldn't be any doubt. Either you bet for or against it getting licensed. Don't sweat about the SP fluctuation. As the cap goes up, the fluctuation gap goes up as well. Oh, and even with Aurora, the shortage is very real here. Aurora is trying to ramp up production but don't think it's going to solve this anytime soon. The not-so-good stuffs, can still buy. The good ones, it's like winning lottery if can get your hands on. I really hope things will get better, seeing people poured all their savings and taking out loans to get to the point of being approved retailers only to find they still can't get their hands on anything to sell as of right now and flirting with bankruptcy. Sad.