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Naturally Splendid Enterprises Ltd V.NSP.H

Alternate Symbol(s):  NSPDF

Naturally Splendid Enterprises Ltd. is a Canada-based company, which develops and distributes healthy lifestyle foods and products. The Company owns Prosnack Natural Foods Inc. (Prosnack Natural Foods), a food manufacturing facility. Prosnack Natural Foods focusses on nutritional bars, Chii Naturally Pure Hemp, which is a retail line of hemp food products, while Pawsitive FX is a line of all natural balms for dogs. The Company has also developed technologies for the extraction of healthy omega three and six oils, as well as a protein concentrate from hemp. It focuses on manufacturing and distributing an extensive line of plant-based, meat-alternative entrees. It offers functional foods under brands, such as Natera Sport, Natera Hemp Foods, CHII and Elevate Me.


TSXV:NSP.H - Post by User

Comment by dontknowmuchon Jun 07, 2020 12:28pm
141 Views
Post# 31121690

RE:RE:NSP Closes Private Placement - Fully Subscribed

RE:RE:NSP Closes Private Placement - Fully Subscribed
RetireAt55 wrote: Hey DKM,
do you think we should now see some upward momentum on the SP? Nice that the wall @ 0.07 seemed to be dissipated and hopefully next week the bids will push through.
gltal
retire@56



Hey “RetireAt55”,
 
Given that I bought more shares in the market between .025->.06 and participated in the .035 PP, I am hoping for upward momentum on the SP.  Based on what I know about the company, my DD and my speculation I think we will see upward movement… “momentum” depends on a lot of factors – shorting being one of them.
 
Last time I posted the Short Data I stated “Data for the second half of May should be interesting :<)”.

I stated that because the reported Share Traded Volume for May 1-15 was 5,560 shares and the reported Number of Shares Shorted as at May 15th was 8,510 – both pretty low numbers.
 
On June 1st the reported Share Traded Volume for May 15-31 was 5,231,500 shares, at the opposite end of the scale compared to May 1-15.  The Number of Shares Shorted as at May 31st will likely be available on Monday… like I said “should be interesting”.
 
I hope “Flacker” is correct when he said “If CavaltinibTM proves itself there's no limit to where this will go after the news.”
 
If we do get momentum… my problem will be dealing with this:
Naturally Splendid has the right to accelerate the expiry date of the Warrants if, at any time, the average closing price of Naturally Splendid's common shares is equal to or greater than $0.10 for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Naturally Splendid issues a news release announcing that it has elected to exercise this acceleration right.

Like NSP, I never have enough cash ;<)

*****

Be safe!

*****

Living in the sunshine
Always DYODD
DKM

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