Chalice Brands Ltd CHALF

Trading Behaviour - Perhaps it's nothing

[daveinvestor]

Still seeing something in trading I don't understand. Every time the asks are eaten through, someone always sells at below the ask, sometimes considerably lower. It’s odd to me that if they surely waited their ask would get filled at a higher price. What is driving the urgency of these sells? The price and volume have stabilized since yesterday, they reported great results, they just performed 2 acquisitions and we will most likely see some form of federal legislation benefitting the entire American Market this year. What’s the urgency to sell? I must admit I really have grown to dislike the CSE over the years. We cannot move from this exchange soon enough.

[NachoMan]

Big dump is in the wind...

[MoneeMakr]

Agree, hoping there is a play to another index in the coming months. The fundementals are in line. I have held much shadier companies. To me this Chalice has all the right stuff, so not logical to be selling at a loss. I mean the valuation versus annual sales still crazy to me. Still such a discount. Perhaps what you are seeing could have something to do with the short selling side of this

[clinch76]

I found it interesting on the Q1 call yesterday that they said that the regulator was in contact with them and investigating the trades. They said that close to 100 Million shares (preconsolidation) traded total on all exchanges. They also said it was mainly one seller. Listen to the first part of Q1 call posted on their website. 

[Bestbuybully]

Someone tried to crash the stock and short sell it. Probably one of the idiots on this board that have been bashing this winner. They are currently under investigation. Hoping they do some jail time. I'll attach the article below. https://seekingalpha.com/article/4431260-golden-leaf-holdings-ltd-gldff-ceo-jeff-yapp-on-q1-2021-results-earnings-call-transcript    

[GustheGreek]

Good luck with that. One "idiot" does not have ALL the power to short this stock.