RE:Down 92% from a 52 week high of 86 centsSextant wrote: That’s some frightening math!
Like all investors in the cannabis sector, we are experiencing our share of woe.
It has not been an easy cycle and quite frankly even those with steel balls are feeling
the pressure.
Additionally, the company has made some strange moves over the past months that has caused
the float to balloon.
They have been overly generous in giving out milestone shares.
I’m not even going to mention the toxic financial relationship with Mmcap that has brought
Agra investors anguish for a stock that doth languish—oops I did mention it didn’t I?
In spite of all the foregoing mixed with equal parts of trepidation and anxiety, I still see light
beyond this interval of blackness.
The potential continues to remain extreme.
The stock on pure technicals is way oversold.
Agra has many moving parts comprised of domestic and international exposure.
An analyst report rationalizes a price per share of 38 cents.
While we are grounded in the current reality of a 7 cent stock and a corresponding marketcap
of $70 million CDN, comparable peers albeit with licenses transparently demonstrate the
large margin for upside.
Like all investors in Agra, I too am experiencing varying levels of frustration at the protracted timeframe for smallcap market negativity for all things cannabis.
Change will come when it comes....not a minute, hour, day, week or month earlier.
Patience it seems is forced upon us.
5 star post. This guy gets it..
I am not thrilled about Mmcap, of anything this is the worst thing AGRA has done but dessperate times call for desperate measures. Health Canada delays have really put AGRA in a bad spot. Glad to hear McNutty saying priority #1 is getting that licence past them. When we get the licence things will turn for the better. Be prepared for a new line of nonsense from the trolls every step of the way. Its inevitable.
Mayham