SPDR: Run for the HillsThe company just confirmed once again their intention to roll back shares by 80%, 5 to 1 basically. I sold my shares once I saw the rumors were true once I got the voting proxy. 80% of my shares I was able to make a half cent profit and the rest I broke even on.
Many people will think that just because the amount of shares go down that the SP will go up which is incorrect. The SP is determined by the market. There's no math to it. Now with an established company making large revenues over more than one client and has been around long enough that you can predict revenues and how well they can turn a debt into a great longterm profit, basically not SPDR it will not simply go up.
Be careful of people trying to get out or people trying to add shorts as it recently went up from 5k to 55k outstanding. The company will also dowgrade itself to the CSE to save money which will not help with it's valuie.
Recently insiders have been buying shares to help allow investors to get out. Don't get too excited to see when they buy. Look how much they're buying and at what price. We're talking about 250 to 500 dollar purchases. The same cost for a pair of shoes.
The company bought out tabacco vape stores. You can simply expect that they will a become cannabis dispensary location unless they can get permits for each one.
This company failed just recently having to issue shares to pay a debt and a finacing to get more money to start this new promotion. then they turn and announce that they will cut shares by 80% and downlist. Great way to treat the people you issue shares to to get out of hawk.
Some people say they have a location in the USA that's why the CSE, but there's no weed sales there yet and the USA is much harder to get a permit in than Canada.