Red Light Holland Corp. C.TRIP

Alternate Symbol(s): TRUFF

Red Light Holland Corp. is a Canada-based company. The Company is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand of psilocybin truffles in the legal recreational market within the Netherlands. Its subsidiaries include RLH Netherlands BV, RLH Farms BV, Red Light Holland (Subco 1) Inc., SR Wholesale B.V., Red Light Acquisition Inc., and Radix Motion Inc., among others. Its product line consists of the iMicrodose kit, Maka Magic Truffles, Home Grow Mushroom Kits, MisterCap, and Wisdom Truffle, among others. The Maka magic truffles line, including the Hollandia, Makanaut, Muskoka, Mexicana, Atlantis, Double Vision, Old Dutch and Utopia varieties, is designated as a Responsible Use Psychedelic. Wisdom Truffle is a smart figurine that helps people build healthy patterns using meditation, monitor their phone usage, and take positive action to reduce their carbon footprint.

CSE:TRIP - Post by User

Red Light Holland Corp. > Why has share price dropped

<< Previous

Bullboard Posts

Next >>

Comment by TheTerminator1on Jun 18, 2021 2:35pm

142 Views

Post# 33412282

RE:RE:RE:Why has share price dropped

Thanks Sam

It's pretty clear to me now

Let's hope for a small run up before they merge!

Regards

SamRothstein wrote: They don't have to bring the number down but they will want to at some point. No idea on what the number will be but it doesn't really matter. It just means you own fewer shares at a higher price point. If you own 100,000 shares of TRIP at $.35 per share, and they do 10-1 split, than you will have 10,000 shares at $3.50 per share. No one loses anything. It is only a problem when companies do this to stave off being delisted, or to temporarily try and prop up their share price in general. Same issue when company does a share offering. a lot of people don't like it because it means dilution so market will usually temporarily punish a company that does it, as the knee jerk sell orders come in (a lot of it is algorithmic trading, as the bots are programmed to sell first and ask questions later) but in reality it depends on what they are using the money for to determine if it is bad for shareholders. if they are using it grow company and are allocating capital properly than it makes all the sense in the world. that is why the price will usually come back up after an initial drop.

TheTerminator1 wrote: Hi Sam

I just noticed that CRESO PHARMA has a float of 1.1B outstanding shares add to that RED LIGHT HOLLAND outstanding shares,merged the outstanding shares total will be roughy 1.5B...They will need to bring that number down by sometimes of split...

In you opinion,what kind of split are we looking at ?

SamRothstein wrote: A lot of people asking this question and some have messaged me privately asking. My suspicion is that some people are worried about the larger share count and possible stock consolidation. I think these worries are misguided because even if they do a stock consolidation it will be from a place of strength, probably to secure a listing on better exhange. With better exhange comes a much higher pool of institutional investors. The problem with rollback so when it is done by weak companies that are bleeding cash, and can't even see net cash flow around the corner, and often have major debt, and it is done to temporarily boost stock price and of course it usually fails because it is illusiory manoever. We are not in that weak position. And they probably won't do a consolidation anyways until at least one more big acquisition.