Chalice Brands Ltd CHALF

Odd timer is a basher from the yahoo board

[daveinvestor]

Ottherwise he's a moron and will put him on ignore. As per usual nothing to back up his claims, except spam. 

As for reverse splits, and the stock exponentially increasing in value, we shall see. 

For now GLH is rising and that's positive. This rise should last if the legalization occurs this year. Any other predictions people are talking out of their buttsecs. If anyone could predict with that kind of accuracy they most certainly wouldn't be on a POT penny stock board talking about it.

Good luck to all, the wind is most certainly at our backs.

[GideonO]

its my belief that right now there is no reason to do a split - the size of the float has nothing to do with the multiple of earnings the stock price will trade at. it only becomes a problem if you need to raise capital and given the recent cash flow positive I'm doubtful they will need to do that as they just raised 3 million - unless there is some major acquistion they are positioning for.

[daveinvestor]

You're correct Gideon, and with the extension on the debentures it's unlikely that a reverse split or bankruptcy is imminent.  I promised myself to ignore people this year who put out either extremely negative or overly hyped positive statements. I understand people are excited and happy to see the stock rise again, but our response must be measured with a dose of reality. Good

[flyboy27]

GLH float not that crazy.  Look at Sundial SNDL  1.5 billoin  and its $1.10 Momentun has started  need more positive news,  a Reddit squeeze would also be in order....LOL

[campst]

When a company's capitalization is far below fair value, raising money through stock sales crushes existing shareholders, reverse split or not. And given that debt financing really isn't an option for a number of reasons (including legal) we get what we saw - a small offering aimed at stabilizing the balance sheet. So the only reason for a rs is an uplisting, which I think most would agree

[oldtimer1962]

This post has been removed in accordance with Community Policy