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Bullboard - Stock Discussion Forum Red Light Holland Corp. C.TRIP

Alternate Symbol(s):  TRUFF

Red Light Holland Corp. is a Canada-based company. The Company is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand of psilocybin truffles in the legal recreational market within the Netherlands. Its subsidiaries include RLH Netherlands BV, RLH Farms BV, Red Light Holland (Subco 1) Inc., SR... see more

CSE:TRIP - Post Discussion

Red Light Holland Corp. > bought more today at $0.285
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Post by SamRothstein on Dec 24, 2020 11:03am

bought more today at $0.285

I bought more today at $0.285 in multiple accounts.    I was extremely impressed with interview yesterday. There is also the potential of santa claus rally.  And best of all, the very welcome news of $5 million in warrants exercised at $0.26.  I think that will give us a new floor of $0.26 if there is another bear raid.  TRIP has 12.2 million in cash now, and since they presold their first batch of shrooms, they might also be able to presell the current 10 times larger batch. Very clear with Bruce in interview and with what he did at Canopy that there are going to be more deals coming.  There are already quite a few irons in the fire that have already been announced.  Some will pan out and some probably won't but key takeaway word from interview was optionality.  Bruce is also really good at raising money when the time comes that they need to do another private placement.   My bullishness on this stock increases, along with my capital commitment.
Comment by swim on Dec 24, 2020 11:20am
As usual your posts are always interesting to read. Thanks for keeping it real.
Comment by SamRothstein on Dec 24, 2020 11:27am
Thanks Swim! I wish I had the guts to buy more at $0.25 yesterday, but with bear raids like that you just don't know how far sp will get pushed down.  I needed to see the trend reversal first, and the positive news in last few days also really helped my comfort level.   You are certainly in great shape here with your ACB per share.  
Comment by swim on Dec 24, 2020 11:35am
Needless to say when we were in the 40s/50s, on paper my balance looked even greater but since I've stayed long  I won't say could've should've would've. But the recent videos of Todd plus the one with Bruce yesterday re- enforces  my conviction of staying long. Totally impressed with both of them and I'm definitely going to stay around to see what's ahead for ...more  
Comment by SamRothstein on Dec 24, 2020 11:44am
hahah!  Yeah I hear you.   9 times out of 10 I would have sold on a big spike like TRIP had up to $0.50, and obviously in hindsight that was the right move, and then buying back in lower.  But a year from now, and possibly a lot sooner no one is going to even think of that.   This stock could be back at $.50 in early 2021.   I'm not saying it will ...more  
Comment by InvestABCs on Dec 24, 2020 11:33am
Excellent move imo. Best of lucm we are in it tonwin it Long and strong Great point re: warrants most cant see beyind dilution upfront...irrelevant vs the upside of the cash wow
Comment by Donny62 on Dec 24, 2020 11:36am
Warrants just as scammy, as the scum on this board pumping this dead dog, pay attention, 27s on deck and being printed. they are dumping to their very narrative, and you noobs should be doing the same. HIT THAT SELL YO
Comment by InvestABCs on Dec 24, 2020 11:47am
Donnydummy not sure if you were told...somehow you were left of the memo.... your short cohort left the building two days ago...lmao wonder why they dodnt tell you lmaoaoaaoo You are on your own..outgunned outwitted and owned... Are you angry donny? Btw .29!!!!!
Comment by SamRothstein on Dec 24, 2020 11:40am
Thanks InvestABCs.   I am a bit older and definitely on the cautious side, but I truly believe this stock has the potential to hit $1.00 in 2021.
Comment by thcalternative1 on Dec 25, 2020 5:48am
Thanks for your insights Sam....quite appreciated
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