Things to look forward to & putting aside the price collaring. I'll be totally honest, yesterday I did not get disheartened in LABS one bit but I did get upset to see on an ongoing basis the manipulation in this equity. I told myself that will get washed away with the proper news and profits flowing to the bottom line. What items do we have to look forward to?
1) Passage of the SAFER banking act next Wednesday
2) FDA drug monograph that we and LABS are waiting for...Q4
3) Mr. Pidduck showing us their 'plan to generate cash in the near term'...Q4
4) Brazil drug approval and LABS revealing the drug and partner in Brazil...Q4
5) LABS first profitable quarter in Q1, 2024
other opportunities....
6) News on the NDA or New Drug Application
7) DEA rescheduling from I to III
8) Per Mr. Pidduck...open to further M&A...either acquiring or being acquired(fully or partially)
I personally believe that the 'global pharmaceutical partner' that LABS is involved with is headquartered in the U.S. and so, whether I like it or not, SAFER and DEA rescheduling will be critical for LABS and their global pharma partner because LABS is in Canada and if my belief of their global pharma partner being headquartered in the U.S., you now have cross border flow of cannabinoid based API's as well as wire transfers for payments.
So I've told myself, do NOT become focused on a stock price that is blatantly and purposely manipulated but to keep my focus on the bigger picture, like something from 60,000 feet as Pidduck suggested...good advice.