Post by
ScarletSpider on May 18, 2020 7:06am
Here is Why I Am Reluctant To Sell
Asterion astr is looking to enter into the cannabis market and is in the process of organizing and inevitably start trading as a public company. Let's say I bite and lets say the company is successful it is looking to build a fair size cannabis facilities in Australia....so while I am looking at the near to mid term on ppe I have still placed significant value on the cbd digester but in am also expecting to hear about that sometimes within this year but we are nearing the half way point and no doubt more of the focus right now should rightly be on getting the ppe side going and settled. That said I have cross compared other companies in the space that are trading or have traded relatively high with scant news releases with very little detail as I mentioned fairly extensively in my last post. The bulk of these dont deal with cbd and are trading .20s plus so why i said this is trading low. Again stock price projects predicts future potential and value and looking where this is sitting that means there is 0 value placed on the cbd side of the business...that's cool to some extent as the company needed to pull the plug on what was being extremely positive and encouraging testing results and very unfortunate. For survival reasons the company redshirted outlook but remember said the ppe part is an additive as they still have both the food and cbd digester the bigger of the two will likely be cbd. Cbd is an essential service there has been growing consumption with the increase anxiety created through covid and these challenging times and cbd is becoming more globally desired getting back to Asterion...they are looking to build a fair size facilities in Australia at the tune of $400 million dollars astr but are in the process of getting things set for an IPO. Whether this happens remains to be seen the more important take away as I know I have had to mention is the huge resurgence in cbd and the increasing global demand reach for it. Right now people are having a tough time getting the supply and that too for medical purposes. I am surprised not too much is being said about this but I guess the ppe is the ongoing big news that will eclipse everything else but what I am reading yeah the need for cbd is increasingly quite heavily so I am respectful of this fact in regards to this company and for where the share value sits from my opinion there is 0 value factored in because if it were this would justifiably again just in my opinion take it only as that be at .30 but its not oh well the market will wake up to it just as soon as management revisits it and they will guaranteed it is only a matter of time. Glta