RE:RE:RE:RE:RE:RE:Price Diving?Kinda weird, wendy you say one thing then all of a sudden you state you bought and are up 8k. What about all of the questions that made you "sell".
Wendy123 wrote: BTW, as part of full disclosure, I am down to 1,000 shares held as I have sold 49K this week, finishing all trades yesterday.
My opinion is that we will drift down to USD $2.60 to $2.75 range by early Oct. That's my bet, if I'm wrong so be it - average sold price was $3.52 over the past week.
Why did I sell? Here's a couple of reasons:
1) I feel that we may see some share dilution needed for cash inflow to maintain cash balances
2) I'm betting sales revenue for Q3 could be weak, which will result in panic selling
3) Financial analysis, not TA, of current burn rate of cash can prove scary to the market
4) Email blast with new blend pictutres are digitally enhanced (as stated in the email blast), so we are not seeing finsihed product, just someone's airbrushed dream. Confirmation of actual blend would be nice.
5) I don't see 100 mil rev in 2023 as promised by Setti. I would think it might be $50 mil or so, unless we see 3rd party manufacturing occurring
Just my 2 cents as usual, I'm open and honest about my holdings,
Wendy