RE:RE:RE:potPAOLO79 wrote: jackhacket wrote: T99T99 wrote: These splits should be illegal all it does it rip investors off...thats a fact show me how many stocks do well after a split basically none
consolidations are not good but did the company have any other options?
There wasn't much of a choice with over 600 million out standing shares we cant raise any capital. Was it done sneaky hell yes but had it not been done we'd be dead ducks in the mud. I'd rather loose 10-1 shares then 100k of my money. Since the split our volume has grown, this will take time and patience but I strongly believe that this is a lottery ticket. Chris Backus has inherited Paul chu mess , I have to commend him for the work he's done , theres still a long way to go but its possible. I'd love to see Chris Backus shift gears a bit more often but as hes said he wont rush and jeopardize the companies worth for a 1% surplus. I think shorters are covering and I think we have idiot investors who bye and sell to make 2 cents once again to eaches own. Price line negotiator was in a very similar position, look where they are today they got there buying being smart and patient ,yet they worked at raising capital...some thing Chris Backus needs to work on. Over all this is my long play stock , I just keep buying every week to average down as so should you
But how is your anxiety level?
I have a tiny position in aleafia just so I can BS with my buddies that I have some weed shares. Aleafia has ultra low costs and turns a profit.
If you buy a tiny position in a weed company, you're playing the market.
If you buy a large position in a weed company, the market is playing you.