Saving grace I didn't average on this co till the news was released that someone was willing to invest 23 million in it coz that gave me confidence that atleast they aren't going bust for another quarter or two and that's a very important consideration.
I had an average of high $1s and then massively pumped in money to bring average down to around 25 cents now.
little knowing this will keep bleeding, I will add now if it goes to 5 cents or lower, else not.
lost almost over 50k in another penny stock which I kept averaging down and my last average was 3 cents before they declared bankruptcy, the co name was beleave inc. Kept my hopes that there may be some Turnaround or saving grace or cannabis sugar which they kept promising is coming in March and then April and selling their London facility to pay debts etc etc but cheats will cheat you no matter what.
Long story short, penny stocks are very risky and we cannot judge the intentions of penny stock promoters. Saving grace for us will be no bankruptcies till year end and a momentum of USA legalization and opening on new stores in Ontario.
if all ducks are lined and these guys execute, black lives matter and police reforms in US decriminalize mj, we might see price of over $1, may be even 2. Never know, always hope for the best and GLTA