MTL Cannabis Corp C.MTLC

double bottom ?????

[letsflythis]

2019 low .015 cents..... 2020 low .02 cents and predictions for 2021 ? here is mine.... we bottom at .01 cent and go sideways for 3 months before they cancel RS and then continue going side ways for the reminder of the year !

[LONAMIS777]

"letsflythis - (12/31/2020 7:48:35 AM) double bottom ????? 2019 low .015 cents..... 2020 low .02 cents and predictions for 2021 ? here is mine.... we bottom at .01 cent and go sideways for 3 months before they cancel RS and then continue going side ways for the reminder of the year !" That's a decent guess...  Here's my guess, same as yours but just one

[letsgetonthis]

That to is a good guess .... But hear is why I dont think it goes up , just because they cancel the RS it's still on the table and could be done at anytime that will put to much fear into the retail investors....

[Bogart99]

It's a catch 22 situation.  If they dont do the RS the share float is too massive to issue new stock to raise money, which they will need to do when they burn through the $2 million or so they currently have in cash on hand.  If they do the RS, they still may have to issue even more shares to raise money that will further dilute the share holders at the post RS price.  Ouch

[letsflythis]

ten cent SP after the spilt would put the market cap at 3 million I don't think it would go that low possibly 8 million that would put the SP around 25 cents !

[letsgetonthis]

I'm sorry my old friend Lonamis777 but you maybe trapped in this for awhile with me :)

[LONAMIS777]

"letsgetonthis - (12/31/2020 1:01:04 PM) RE:RE:double bottom ????? I'm sorry my old friend Lonamis777 but you maybe trapped in this for awhile with me :)" You might be right, I just tend to look at the bright side, it doesn't do much for my assessments but I enjoy the wait a lot more if I am optomistic, and since I don't know what the outcome will be I may as