RE:RE:It will turn So a couple of things here.
1.) I agree the share count is too high but that is merely a contributing factor to the poor stock performance and in no way is the sole cause of it’s performance difficulties.
Aurora did well even with a high share count, mainly because they operated in Canada where it was legal. Plus they had massive amounts of grow facility.
2.) Will GLH ever rise again? A big maybe.
I know I sound like a broken record here but the stock won’t rise again unless the following below happens. Everyone has heard me tell a certain someone that they should get out and stop posting here. Mainly because the person is mentally ill, but also to let investors know that this stock isn’t for everyone. If you take the risk here and it doesn’t pan out, don’t be a cry baby loser like 1 or 2 other posters. Accept that you are gambling and things may not work. Own your poor choices. Beware even great Q1 results may not turn the tide here, don’t whine if it doesn’t take off.
3.) Really only progress towards US federal legalization will really turn it around for GLH. Then we may see all US pot stocks sky rocket, just like the mana for CDN pot stocks early players. Again that’s a maybe and undoubtedly there are other plays that might be better.
4.) As always all below in it’s entirety is necessary for a better future.
Everyone has acknowledged loosely that any combination of the following would have to take place before we see any significant uptick in valuation:
- better stock promotion
- more institutional investors
- elimination of all debt
- stockpiling cash
- new game changing products
- sustained buying + 10 million volume per day for months
- most importantly significant improvement towards federal legalization and Banking for US pot companies.
BarstoolSage wrote: "with 900 million shares out and reserved, and with its history of underperformance, this is not an average down situation"
silverT wrote:
When the cash comes in.....ACB has a billion shares at $8.75/shr. So it's not the amount of shares