Post by
Dmcflax on Jun 06, 2017 4:55am
NEW INVESTOR. EMC Enquiry and response
Put some money on a few MJ Cdn stocks. Took it out before losses. Left money in EMC. Asked investment personnel from EMC directky via email yesterday what gives? This is their response....what do readers think? Vague or viable? Don't hit me hard on responses, just doing my best to understand :
Thank you for your note. We have had two sets of shares come off their respective "hold" periods which are associated with earlier round financings. The first set came off hold in early March and the second set just came off hold. Typically, there is some profit taking which causes downward pressure on the share price.
On the business side, the company is doing well and advancing its strategy on all fronts (medical, pharma and preparation for adult recreational).
I hope this gives you some color and comfort concerning the recent share price movement.
Comment by
Dmcflax on Jun 06, 2017 5:11am
Invested initially because researched Purdue. Seems solid.