What are investors waiting for? The price is now at absolute 52 week and all time low at 4.5 cents, even lower than the last raise of 4.75 cents.
why are investors still on the fence? Don't you guys think buying at these levels and selling it over 5.5 or 6 cents or even more in the next couple of weeks will give decent returns.
But it looks like the market doesn't have any confidence in this company and this May go lower. Would I buy at 3 cents? May be gamble some money away for a cent but it's almost a matter of time before more money is raised after a reverse split soon.
Zenabis needs to make sure to keep the price over $1 post split so that the money is raised again at a discount of 20-30% and free warrants to start the process again.
for more information as to how this should transpire, investors should look at isodiol ticker isol