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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. > This is really not looking great!!!!
View:
Post by InvestABCs on Oct 29, 2021 10:13am

This is really not looking great!!!!

They have really sucked at the clinical side which is where the shorter term market and evolution of this industry is.

MERA is a nothing burger... very very disapointed.

I have started to transition out and only keeping free shares, of which i have a whack thanks to trades, and loving my LONG position.

But this looks cooked short term unfortunately.

It getting worked badly...without buying pressure the shorters and sellers win

LONG this is amazing potential, but i need to earn in the interim, and that is going to happen in the sector on the wellness and clinical side imo.

gl to all!!!
Comment by BrokerG on Oct 29, 2021 11:20am
Sorry to see you go ABC. But this is what happens when you have lost momentum or pace. NO signitficant direction and not in markets that will provide growth in the short term. If they are relying on the recreational shroom market, then ABC is right. It is over short term. Maybe in 2 -3 years we may see the first real trends in legaliztion. The only saving grace is that cash of 30 million does ...more  
Comment by InvestABCs on Oct 29, 2021 11:28am
i am not going, just rebalancing a bit.  too overweighted on a stock that is not doing what it can or should. LONG strong, but shortterm prefer to earn a bit if possible... I agree with your points, unfortunatly traders and fear mongerers are winning out right now... still have a whack, just lucky they are free at this point
Comment by DrJonnyFever on Oct 29, 2021 2:49pm
Wise move...this is getting ugly and shows signs of getting worse. 
Comment by SamRothstein on Oct 29, 2021 6:23pm
If you think that current sp indicates that market is ascribing zero value to anything other their cash, then I would suggest that that makes the stock a no brainer at this price as clearly there is real value to their non-cash assets.  This will become clearer in coming quarters as their revenues continue to increase. I have said in the past on this board that I think there are times when a ...more