RE:RE:Bids are thin - not looking goodnearnorth101 wrote: Sadly that seems to be the reality, can't see what else will push the SP upwards other then a profitable quarter, some huge amazing news or a buy out.
profitable quarter might sustain the life of this company but it wont move the needle. Just look at GTEC. There simply isnt enough interest in small Canadian cannabis companies. That ship has sailed.
Id like to see the longs get out of this recooping some of their money, My guess is this company wont sell for more than $50mil. Why would it? Unless sales pick up traction and they become a household brand... But as per the Q, rec sales are sideways.
John and Nav got longs into a world of hurt. I really feel bad for bag holders. Im sure John and Nav's intentions were pure, they just didnt have the slightest idea what they were doing. At least they (and their friends) made money though.