GREY:ISCNF - Post by User
Post by
Bobowskion Feb 06, 2020 6:32pm
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Post# 30654637
Going forward....
Going forward....Q2 financials (as of Nov 30) showed a good cash position (about 12 months times the monthly burn) and shares outstanding went from 38 milion to 109 million reflecting a market cap of about $45 million as of that date. Shares outstanding relected shares issued to Isracann Holdings (wholly owned by Isracann Biosciences) and CAD 51 cent financing shares coming off the hold period as at Jan 31. Share price usually comes under pressure when a hold period is coming to an end as well as for a week or two after. Note shares short came down from about 4 million at the end of Dec to about 400K at the end of Jan. Share price did come down and are now holding steady. Companies usually do not post any news during this period as it would be a waste. Look for steady exciting news to start coming out in the latter part of Feb which should drive the share price north of CAD 51 cents. How far it will go depends on how excited investors get.