Should lose some grumpy old men and hedge fundsOne thing for sure, this consolidation has take a lot of volatility out of this stock. Even the shorts have significantly reduced their positions. Down from 950,000 presplit shares with 621,000 pre split remaining. Think many were looking for a 5X gain under the presplit levels. Things should change a lot. Don't think we are in for mega gains, however we are in for gains IMO and if the cards are played right we should see a continued rise with bump ups on news. Don't think anyone who bought in at presplit levels of .20 to .30 will get all their money back, but I suspect anyone following this play averaged down significantly. Day trading will no longer be as lucrative with a .005 swing.
Most will move to other small caps. So much to come, crop sale, Farmeko update, numerous asset sales, J/V, next crop. I would not rule out a buyout. 13,000,000 is an awful low share count for a Marijuana company and reminds me of the start up days of Canopy, Aurora and Organigram. Should lose a lot of crumpy old men and some hedge funds as they IMO were just playing the half a penny swings.