TSXV:ELXR.H - Post by User
Comment by
tracker11on Mar 28, 2019 12:00pm
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Post# 29548626
RE:RE:GCL partner Sproutly up 60% with beverage infused news
RE:RE:GCL partner Sproutly up 60% with beverage infused newsDear Mr. Duck.... Enough already of your bashing, warnings whatever you want to call it. What can you possibly have to gain by beating a dead horse? We all know we've been had. We're just waiting for the time where we can get out with less of a loss. That time may never come but enough already. You sound like a broken record. It's time to go warn others on other boards about their bad investment choices.
DecoyDuck wrote: More pumping nonsense. The facts are that:
1. A LOI is not binding so the JV may never materialise.
2. The ratification of the LOI is already 2 months late so it may already be dead.
3. If the JV should happen, you haven't been told how big it would be.
4. In any event, it would commit GCL to investing heavily in production plant and processes.
5. However big it may be, LGC would currently own 0% of it as their GCL loan hasn't converted to equity.
Hope this helps.
BeachHouse1Day wrote: The Sproutly's stock is up 0.42 to 0.68 this week, over 60% increase.
I repeat ordinarely this news should also affect LG positively since they have a big piece of Global Canna Labs.
But there is no action on the stock.
Possible inside job at a security exchange???
What else could explain absolutely no mouvement on positive news?
I am not implying a 60% increase for LG but at least between 5 to 20%, 0.095 to 0.105, even if it is only a LOI between Sproutly and Global Canna Labs.
https://stockhouse.com/news/press-releases/2019/03/26/infused-beverage-market-ready-to-pop-companies-prepare-for-upcoming-canadian
https://globalcannalabs.com/news/sproutly-signs-loi-with-global-canna-labs/