RE:RE:Volume It's supply and demand, with 350 million shares outstanding every uptick is two downticks because everyone has shares to sell. Extremely hard to build a capital intense company with so many shares outstanding, really no where to go but down. Think about it, what non-cannabis companies have valuations less than .5x sales revenue/market cap? I don't even think tech companies get valued so aggressively. This thing needs to get down to sub .25c
fot any metrics to start making sense to any institutional or money managers to play ball again, and even then it would be a extreme risk with share count and current legal layout of the federal laws. Literally all these pot companies are going to be hammered for years with tons of pain still in store. With mass amounts of product from the acmpr licensing what Hexo did with the $125/oz is just the beginning of the over abundance of supply that's going to leave the LPs pricing themselves into a deficit just to stay afloat. Watch out below! I would have now saved you over 60% by listening to my first warnings
maritimedreamer wrote:
financials coming in mid nov? mb news re pax or new cultivars? (but not sure if those two really move the needles)....
it is amazing how our SP not budging at all but some massive cross trades happening..... alot with ANON as well...