RE:RE:RE:899 Million shares out....I would agree, why RS when the company is profitable, such a waste. The share price should rise on it's own. Heritage is one of the few publicly traded cannabis companies that is actually starting to make a profit.
I know that I have mentioned a share buyback a few times, but that really depends on what those profits are and are they still bringing in enough profit that it can be used to buy back shares because the company also needs to put cash in the bank and pay down debt. Debt may be the first option.
Regardless this stock looks to be ready to run. National Bank's wall of shares have been there for several weeks, but it looks to be coming down today. There are currently zero asks on the ATS, and the asks on the CSE are thinning out significantly. So this is looking promising. 20 day MA will cross the 30 MA soon and will probably pass the 50 day MA too. All bullish. We just need investors to step in and start gobbling up those shares. I grabbed my fair share of shares at 4 cents. Others can step in now or risk chasing the stock. I don't think 20 cents is unreasonable. The stock can easily pass the 52 week high of 9.5 cents.
Shinwa wrote: I don’t think they will go for RS in the near future as they are making money now, they just need to report a quarter or two more with positive cash flow and % improvement. Would be nice to see if they seriously consider the buy back shares option to reduce the no of shares and increase shareholder value. I can see 20 c easily…..