OTCQX:PHVAF - Post by User
Comment by
Wrywisdomon Oct 25, 2019 3:23pm
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Post# 30270921
RE:Unusual Trading...
RE:Unusual Trading... This release is excellent news for investors. All VIDA fundamentals remain in place plus edibles are now legal in Canada, and positive consideration is under way in the USA, including changing banking laws to make the legal framework more favourable to cannabis.
In no uncertain terms Phivida is now better positioned at a fraction of the price than it was around $1.00 in the spring, plus Phivida now owns a major website to promote their products and other cannabis offerings as well.
The news release today also further confirms that this downside is directly the result of fear perpetuated by market manipulators, overall cannabis investment trends(see nearly any cannabis related stock 12 month performance history) and short sellers.
Over limited time, short sellers and manipulators will be shaken out. On a broader scale, cannabis stocks in general may presently be positioning to dramatically reverse recent negative sector performance.
Wise investment here renders a 600% reward on investment with simply a return to approximate $1.00 levels in spring 2019.