RE:RE:RE:RE:PCLO a short to $1
It seems you are the ones with your facts all wrong. PCLO had $30 MM cash as of end of March. Now April , May , and June have passed. Thats 9MM based on 3MM / month burn rate. Add another $3MM for legal fees and costs for the scummy Aussie merger. Add $3.5 MM which was given to Creso as part of the merger agreement to keep them afloat. So subtract $15.5 MM form $30 MM and you have $14.5 MM left. Easy math. Nobody raise when they only have just a few million left in the bank becuase the the terms will be horrendous. They will raise shortly .
Valuation. How is it that a company can spend $5MM on a peice of jungle land in Columbia along with some cannabis farmers and suddenly justify it being worth $900 MM . Anyone can do the same as there are hundred of similar tarp covered cannabis growers in Columbia. So then PCLO finds out they cant sell it outside Columbia borders so they then have to convert the operations to CBD farming. Lots of those out there as well. Wait ...cant export CBD etither. Therefore they have to spend $35 MM to build an extraction plant which is something everyone else including Khiron has already done. Cant justify more than $50 MM market cap for that. So then they need a distribution story becuase companies like Khiron have all the South American and Mexican pharmacies all locked up . So they go to Australia and find some destitute dog food company that has infused the food with some CDB. PCLO then says the company is in 15 countires . Yeah...right....they sell one can of dog food to some Swiss guy and thats one country. The deal is a total farce.
At least you didn't deny that there is a b oatload of stock that becomes free trading in a few weeks. There is no chance this stock can absorb that selling . PCLO has relied totally on ETF index buying of which the actual numbers were about 30% or less of what liar RandonTask claimed it would be. Go back to school buddy ! Now those same indexes are selling as the cannabis trade wanes.
PCLO is way behind in the race. Its market cap is only worth the $5 MM it paid for the farm and maybe $35 MM for the oil extraction facility once certified and complete. I was being generous with the $1 stock price. The number is actually about .50 cents based on 110 MM shares.
So buy to your hearts content but dont be suprised when the stock it $1. I've been 100% correct so far since $11.00. Its still a huge short at $6.50. Only naive investors that didn't do any due dilligence would own it here. Don't beleive all the pumpers and their fake press stories. Its all a charade.