CSE:CXXI - Post Discussion
Post by
MuttleyKnows on Jan 25, 2021 7:58pm
Selling Pressure
The selling pressure should disappear in under two weeks. The second tranche of the 90 cent convertible warrants expire this week and the $1.50 phantom farm warrants expire on February 5th. I would expect the stock to trade in a range between 1.55 to 1.75 over this period. If you want to accumulate shares then bid in the 1.55 to 1.60. This is a good entry point.
Remember that cxxi has solid fundamentals. You can sleep well at night knowing this company has solid management and operations that generate positive cash flow and earnings. Just wait for the growth story to start playing out. This company is hugely undervalued and is so well positioned now.
So many companies is this sector are going to get hammered this year when they run out of money. Perfect example is Flower One. Read this article. You don't want to be in a company burning cash.
https://finance.yahoo.com/news/flower-one-receives-notices-default-213500966.html
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