Red Light Holland Corp. C.TRIP

Ownership

[BrokerG]

According to Mornigstar, the top 5 funds/institutions invested in Red Light own approx. 8.5million shares. Out of that meagre amount- Horizons ETF owns 6. 1million. Considering we have 300 million shares outstanding, there is obviously not alot of institutional ownership. I think that is one of our major issues. We have to get onto a respectable trading platform. We are currently getting hammered by small investors who are looking for day trades. Considering we are one of the few psychedelic companies that are generating any revenue and now have a medical link with Mera, I am trying to understand the constant selling over the past few months. Obviously the shine has come off the entire industry but is that the only reason?

[BrokerG]

Sorry but I also forgot to mention, that with a current market cap of less than $71 million, we have over 40% of this market cap in cash- at $29 million. So the market is saying, that we think the remaining porttion of your market cap is basically worthless. This seesm a little extreme. Not sure if I have seen too many companies with over 40% of their market cap sitting in cash and generating

[SamRothstein]

Exactly.  And we all know that revenues are going to increase organically, and that more acquisitions will happen. Risk/reward level for buying TRIP has never been better. 

[chuck21]

My guess is they will go after a Nasdaq listing. But that's just a guess.

[BrokerG]

I agree Chuck. Considering Mindmed and other psych companies are primarily listed on the Nasdaq. I also think they set themselves up for a takeover, with that much cash sitting around. I mean really, if someone, like Mindmed comes up and offers shareholders .50 cents, don't you think most shareholders will take that. This would only cost the aquirer $120 million, given our cash balance and

[Pbmoney]

Where do you see institutional ownership?

[BrokerG]

Just go to Morninstar and look under ownership- then look under mutual funds or institutions