New batch of Bagholders being minted.........As we speak. I go away for a few days and look what happens? Everything just blows up. Out of nowhere really. This unexpected move from the Gov't really came from left field, what's the real angle here from the Democrat led Congress? Even with slight majority in House, i don't think it will ever pass the Senate as they don't have the required votes. So what's really the angle here & ultimate goal if there's no chance in hell (at this time) to pass legalization. Especially in the middle of a global crisis of this scale? I'm no politician but it seems the Democrats who are trying to push this through, at this really inappropriate time, have all their priorities mixed up. A dangerous viral pandemic still running around, economy going down the literal sitter, including a major war breaking out in Eastern Europe, which could get out of hand if not handled properly and these guys are focusing on Pot? Call me old fashion and no pun intended but what the F are these guys smoking?
This will defintely NOT end well for all the retail investors piling back into these hanicapped, broken & broke weed companies. Judging from the volume & trend, it seems to me like massive distribution down the food chain is happening here, across the board not only in Hexo. Meaning, for the folks that don't get it, whatever remained of insider, instutional, venture or hedge fund ownership is being sold off into the hands of dumb retail. Crazy ignorant euphoria at its finest. For discouraged Hexo holders, what an gift from heaven and what an opportunity to exit and reduce some of your losses. Don't pass that up guys, as i don't believe you will get another shot at it before the literal S hits the fan again. Well one good thing about this sudden move, folks like Keelover who were heavily shorting these companies really took in the wazoo here, must be locked in their rooms crying their hearts out, thinking about ending it all.....
Anyway, that's my two cents for whatever it's worth.
GLTA