GREY:ALEAF - Post by User
Post by
stockwatchersson May 03, 2019 2:27am
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Post# 29704906
Cannabis stock are hold by amateur
Cannabis stock are hold by amateur There isnt a lot of retail investor holding cannabis stock. Hexo have 10% of institutional investors. Imagine alef. Its near zero. All of these stock are hold by people like you that invest with their emotion. Thats is why the volatility is present. It will always be there.
Alef stock price at 50 cents will most likely be acquired because of its asset value will be worth more.
People were holding alef to make quick money after the earnings. A lot of amateur investor had high expectation, but instead they got no news , and a loss of -19 millions $ from consilidated operation ,
Yes , maybe in the next Financial report they will perform better , but considering the fact that we have multiple other small lp as exciting as alef , people are leaving alef.
The price will stabilize around 1.2, it will climb back at 1.5-1.6 before the next financial report, but dont expect the 2$ for a really long time. Specially that by the time they get their license , the market will be saturated with cannabis.
alef cant make more acquisition. If they do it will cost more dilution, affecting investor. Expect if the management team makes a great deal. But by the look of the emblem deal , i dont expect that from them.
For an LP of this size , there is already to many shares.