RE:what a disaster - people hanging onto speculation and hopeSpeculation? The size of the black market is roughly know. Underestimated if anything. The product is relatively safe. Especially when compared to other rec products like booze and tobaco. The general public wants this legal. Let alone the FACT that there are numerous medical benefits.
The only speculation is when governments are going to quit with their "reefer madness" bs.
Ford is a tool.
This industry is known in Canada to be roughly 7 to 10 billion. That was from the government. Thats WHY they legalized. They have been counter productive in their initial goal. Their primary goal was stated to be to eliminate the black market. They thought that extreme taxation and allowing limited supply was going to do that?
Either our government officials are idiots or crooks. Probably both.
This should have been treated like a hostile takeover. A price war. Cheap medical and lightly taxed rec for two years and the black market would have been crushed. They can't afford to eat two crops in a row. Medical should be COVERED like every other medicine perscribed. The fact the governments have all targetted medical mj to tax tells just how out of touch they are with the market.
The black market was/is WELL estabished and has built a proven market. The feds and other levels of government need to remember the primary objective and play ball for a short time.
On the other side of this we do still have our share printing free for all complete with insider selling and insider peachy deals on the lowest of low.
Industry is still run by criminals.
sawedoff wrote: let's face it, ACB is a disaster and management is stringing you guys along, making bad decisions and making it sound good. they are right in the middle of major dilution, and people are praying there isn't more bad news or reaction.
i bought at 2.90 and sold at 3:50 today. When it goes down to $2.50 i'll do it again. Mark my words.
beyond all this nonsense speculation, what has changed?
we are at least a year away from any real changes/results, until then, there could be more drops to down to $2.00. the market is going to string you along and squeeze you for everything you got.
Ask yourself, would the company be even worth $2 Billion dollars given what it is actually doing? seriously it is still way over valued based purely on speculation.
good luck