GREY:NCNNF - Post by User
Comment by
valentinemassonon Oct 01, 2019 1:16am
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Post# 30180608
RE:fake news
RE:fake news JustinLaw wrote: There must be a lotta people shorting NRTH because the fake news is alarming. the 10,000kg is in relation to the plants the pulled before end of quarter, as in just the autoflowers.
And where else did all the money come from to build out good farm? obviously they had to spend some cash to get the farm going, staff, biological assets like clones. how about the staff, they aren't free. how about the stuff that goes into the building, the machines used to till, organic fertilizers and so on. it's not free. of course their expenses went up you idiots. stop spreading fear.
if you sell, your going to get screwed when all the shorts cover and this flys back up with the rest of the market.
There is no data on shortdata.ca for 48 for timeline for shorts to cover but is not an open contract. There is normally a contract that carries between 3 and 7 days to cover depending on the stock. To short at this point is financial suicide. Thus, the derogatory comments from fly by night basement dwellers...- however , the RSI on the daily is at 28 = oversold, as are most in the sector at this point in time. The sector will see green soon enough...This sector wide cleansing is simlar to shaking out weak hands (retail) , but this time , is a shaking out of weaker LP`s harsh as it may sound. Sink or swim. Given 48`s financials with positive cash on hand and not being able to report the current harvest`s success makes it difficult for bay street and wall street (OTC) to discern between a pie in the sky vs a grounded operation who has all their ducks lined up in a row , pertaining to all smaller Lp`s. They want to see survival and numbers. Sympathies to those retail investors that have bore the brunt of the facades created by financial institutions who have created confusion mayhem, and outright theft of what retail investors believed in.
That said, at 25 cents CDN per gram out the door = profit, plain and simple.Do your own DD and see facts and numbers.
GLTA
VM