Lynx Global Digital Finance Corp CNONF

Is this a real company or a house of cards?

[stockthief]

The sp keeps going up nicely a few cents per day. It appears to me that what is going on is controlled buying and selling. Only one or two thousand shares are available on the bid and ask side at any time. This causes the share price to slowly increase. However, if an existing shareholder decides to sell five to ten thousand shares at market the sp price will drop quickly by $.50 or more. I was attracted to this company because their technology was developed for the Cannabis industry which will see exceptional growth over the next few years. What are the thoughts on this board? Is CannaOne legit or not?

[HomerAndCompany]

I think you're asking the right questions. They are a real company as they have shares trading, $500K in cash from the IPO, an address, several executives & board members, a website and a phone. But do they have a real product? Do they have sales, or prospective sales? They could be a real company AND a house of cards.  A lot of winning companies have drifted down below their IPO

[stockthief]

Thanks Homer for sharing your views. I believe the stock promoter (whoever that may be) is hitting the phones recruiting new investors. Stock is then released at an increasing share price as investors bite. The question is why is the company doing this? Two scenarios come to mind. One is to increase the sp to a certain level to meet graduation requirements to the senior board (TSX). The other

[HomerAndCompany]

stockthief, You make perfect sense - I don't think there's any doubt about the "sell the shares at a huge profit" part. I'm sure they'd like to get the SP to a level that allows them to join the big board too if they can - why wouldn't they?. In the last 18 trading days they've marched the price and volume ever higher - maybe about 800,000 shares in total at $1

[SwingTrader149]

I have to disagree with your comment here - it costs money to "march" a price up with this much volume. What are they averaging now 100k shares a day? That's roughly $150K + trading commissions everyday worth of stock being traded.  Sure the underwriters are probably making money - but they will have lock ups on their stock (usually 3 months) and underwriters ALWAYS make money

[HomerAndCompany]

I've highlighted parts of your message that I espeically agree with. I thought about getting in (earlier @$1/1.03 bid/ask) because no one is selling & the volume and price keep going up - because it is being promoted and no one is selling. Yes, there could be an opportunity for short term profit - because the promotion likely continues for a while yet along with no one selling (except the

[SwingTrader149]

1. - Of course. But you are forgetting about lock ups. 3-6 months typically. So they won't be selling until then and whos to say that they will stop promoting when they still own most of the shares? In fact most stocks in this space start there news and releases when stocks are released since they have to move more volume.  2. - I work near there head office - I can go and ask them

[SwingTrader149]

It certainly looks manipulated - however that could be from the company or from market makers...there is not a lot of free shares out there I imagine so it wouldn't be hard to control. I recently looked into this company because I think there is still HUGE upside in non plant related industuries that are in the cannabis sector. If anyone wants any questions I can go to their office and see