Post by
MarketMike on Sep 29, 2022 10:17am
Can this stock go to $0.10?
Who is selling at these prices?! Why isn't management/insiders supporting this stock by buying ?
Comment by
1BHforlife on Sep 29, 2022 2:03pm
MarketMike, would you be a buyer at $0.10?
Comment by
UncleJack7 on Sep 29, 2022 2:14pm
I thought this was a steal of a deal at .45, especailly with the positive changes in California, like removal of cultivation tax.
Comment by
MarketMike on Sep 30, 2022 5:18pm
Me too UncleJack7. Turned into a disaster investment for me. Average cost is about 0.44. Not sure what is going on with the company? I know the market is crashing. Who is dumping at these extremely low prices. Practically giving the shares away wonder if insiders know something we don't and are dumping?
Comment by
MarketMike on Oct 03, 2022 6:11am
I'm wondering if there is something happening inside the company that we outside shareholders don't know about. Are insiders dumping?
Comment by
UncleJack7 on Oct 03, 2022 1:28pm
I took a look at their last financial statement. Debt ratio: Liabilities / Assets = 73% - good for the industry is 30% Loss ratio: Net loss / revenue = 39% - good for industry is 10% or under Maybe the balance sheet needs cleaning, according to the above they are far off net profitability with high debt? Thoughts from those who know if the above will be improving with recent merger??