Bullboard - Stock Discussion Forum Canntab Therapeutics Ltd CTABF

Canntab Therapeutics Limited is a Canadian phytopharmaceutical company focused on the manufacturing and distribution of a suite of hard pill cannabinoid formulations in multiple doses and timed-release combinations. The Company’s operations comprise a single segment engaged in the medical marijuana business. The Company’s hard pill cannabinoid formulations provide doctors, patients, and... see more

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Canntab Therapeutics Ltd > Confused

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Post by bmansinho on Apr 21, 2018 2:02am

Confused

I thought this was suppose to start trading up to at least 4 bucks when it was to open. Pretty much lost all my money from tfs. If anyone can explain if this is going to go anywhere please share

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Comment by Fizzy1985 on Apr 21, 2018 7:24am

I think that’s exactly why this crashed so hard...people knew that $4 was overpriced to start so they shorted the stock and since most people were down so much money they just market sold all their shares. I could be wrong but I remember being in TFS and selling at 3.5 cents because I didn’t think the stock would open at 7 bucks...I think that for new buyers this is a steal and will be next ...more

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Comment by Tonyde on Apr 21, 2018 6:49pm

bmansinho, in a case like this all shareholders hope that the opening bid will be equivalent to the closing price. That's not always the case as we experience on Friday. Now the thing that puzzle me is the $4.00 opening bid that so many investors on these boards mentioned in these last few weeks. Correct me if I'm wrong, Canntab Shares were offered at $4.00 each. If you go back to the LOI ...more

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