Post by
geodcan on Mar 17, 2020 4:15pm
Long halt!
Investors lose interest in halted stocks and shareholders that are invested brace for the worst. It takes too damn long for our stock exchanges to get us back to trading or in this case allow the privatization of our recent IPO. This company needs invigorated management but the deal that is on the table sucks, imho. Management should do the proper thing and call for alternate proposals to what is on the table now. Our closest to us company Bhang just got gutted 50% today and they have been going for close to ten years and have 100 plus skus, same as us. Pot stocks have reverted to normal yardsticks of investment analysis and it isn't pretty. Throw in some corona virus and the market found all the triggering events it needs to do some housecleaning. I did a lot of due diligence before I plunked my hard earned dough down and this one shined as did Bhang. They have both done a lot of heavy lifting and have a lot more to offer than most but both dropped the ball when they IPO'd. And we wait!