RE:RE:RE:There has to be some news soonJaCkSnap wrote: could you put that in lamens terms? im' really not very well versed in the stock market, though oddly enough I come from a buiness background. Only got into the stock market b/c I see Cannabis as a world changer not just a game changer.
Sure.
What happens is the $.75 warrants are accelerated, so holders are "forced" to make a decision by May 2nd with what to do with them. These were early investors to the deal. They either cut a cheque to the company and buy the $.75 cent warrant, or else they short the stock here (at say $.93 cents) and cover the short by exercising the warrant. This is why the stock has been seeing selling pressure, as that $.75 cent price point is like a magnet as the short sellers push downwards.
That said, the stock has been holding low $.90s and the warrants are almost done with, so IMO, we are at or near bottom. I expect one more rush of warrants out the door Monday as they might have been hanging on to see if we got licensed to grow today, which we did not.
I accumulated a half position this week at $.93 cents, and will grab the other half next week, getting some in the $.80's would be nice.
My price target for the deal is $3-$4 dollars. Not to sound pumpy, but... it is LOL.
GLTA.