Emblem Corp EMMBF

Any ideas why this is being sold down again

[BustyRusty]

After yesterdays rebounds, bears still in control here?

[rcash1]

There will be selling pressure until after the first weeks in  April when all pre ipo shareholders could get out with a double +... After that up ,she goes  .. now just watching to accumulate on dips like today . Bottom is now 2.36 congratulations to those whose bought close to that . I set a few more bids if it gets that low again ! 

[brentkosta]

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[BustyRusty]

The whole sector is slow today too

[Seraphim1]

Unfortunately there were over 18 milion shares that went live on Monday. All those were gained @1.15. So you've got profit taking. Unfortunately this is not the end. 3 months from now, in June over 33 million more shares will go live. This batch was gained @ 40 cents. So again you will have selling pressure. We all saw the sell off from over $4.20 to $2.40 before the March 11th date, God knows

[BustyRusty]

Ys but why not just hold if you have shares that cheap, this was trading over $4 about a month ago. People who bought those initial shares are people that would have believed in the long term prospects of this company. Also with legislation being released soon, that will bring some major hype into the market, possibly similar to what we seen last November. I don't know about you, but if I'

[BustyRusty]

Also PP was increased from 10mil to 15.9mil at a price of 3.63. This shows great demand from people with deep pockets to me.

[Seraphim1]

Yes I was in at the 1.15 price, and yes I do believe that the stock has good value, but nevertheless I sold. Everyone has their reasons to sell, but they often don't reflect value in the company. For me I wanted to lock in my nearly 200% gains and still continue to have skin in the game with my warrants. I got spooked with the action of all the weed stock heading higher and Emblem going in the

[brentkosta]

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[spasticated]

sounds like you're making a decision based on emotion. this bad boy will be back at 3.00 within a couple weeks

[brentkosta]

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[Art35]

"Unfortunately this is not the end. 3 months from now, in June over 33 million more shares will go live. This batch was gained @ 40 cents. So again you will have selling pressure." OH SHOOT ! And I thought $2.55 was a good entry point. Does this mean EMC will be sold off down to a buck or .80 by June ?!?  My luck.............

[PruneFace]

Finally !!!!! Somebody who gets it.

[brentkosta]

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[PruneFace]

I think you'd have to lump a few others in there too, brent. Like the ones that are selling right now. As I said before, I'm content with my double plus in 4 months. Can't really expect that either. As for the warrants, if they get much sillier than they are now, I may just exit those as well. I believe it was you who said we're all here for the money. But hey, the warrants aren

[brentkosta]

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[PruneFace]

Well I sold my shares 20 cents higher than it is right now so.....and I don't know about this being about the lowest it'll ever get. With another swack of shares hitting the street in June I can see this approaching $2. And then the warrants being released in December....... Actually the warrants are worth $1.25 today. Your definition of pittance seems to differ from mine.........Let's

[PruneFace]

It looks as if $2 will happen sooner than later.

[brentkosta]

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