GREY:IVITF - Post by User
Comment by
M4DM4Xon Jul 31, 2019 10:50am
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Post# 29979331
RE:RE:RE:RE:RE:GENE is making sales.
RE:RE:RE:RE:RE:GENE is making sales. And just to clarify why being over a dollar a share is important; The average investor won't bother looking at pennystocks, in fact most investors don't even bother looking at stocks under $5.
Until they can get over the $1 threshold AND maintain a rise, this stock will be unwanted and passed up by literally 95% of investors (retail and institutional).
In pennystock land, it's just gamblers and "Tim Sykes" type shorts.
M4DM4X wrote: I think the reason Gene is still being tolerated is because of that whole "Monebags" soda CBD beverage deal:
https://www.globenewswire.com/news-release/2019/04/23/1807997/0/en/Invictus-To-Develop-CBD-Infused-Sodas-with-Rock-Icon-Gene-Simmons-and-Simmons-Moneybag-Sodas.html
It wouldn't be smart to publically trash the guy, especially since Invictus has already wasted millions on the greasy old dirtbag. Wait and see if the sodas are a flop, and if they are a flop,
then you publically trash him and completely ruin his credibility.
Also, I agree that GENE will eventually change trend and run back up, the real issue is
when.
If it gets driven down to 20 cents a share (or below), it won't matter - a 500% return will still be under a dollar.
They need to get on the radar NOW, not in 2 years when this fad has passed and they're barely squeeking out a profit since the market will be saturated and/or dominated by the big boys (WEED, ACB, HEXO, OGI, etc).