Post by
inviolablspirit on Feb 01, 2024 3:05pm
Anyone have any thoughts on the recent trading activity?
Anyone have any thoughts on the recent trading activity? Last ditch effort by the institutions to pick up cheap shares before the financials? For months the asks at 1.5 cents were way bigger than the bids at 1 cent, then all of a sudden hughe amounts of shares appear on the bid and volume shoots up as RBC and other dump into it. Now the bids are all but dried up at 1 cent but have double at half a cent. clearly we are seeing institutional manipulation of the stock. I would think CANN is very close to cash positive, if it isn't already. For Canadian cannabis companies, CANN would be one of the few to achieve this. I know in the Canadian market the companies only get about a 12% to maybe a 20% profit margin due to the government being overly greedy. And the government wonders why they can't snuff out the illegal market... or do they care? At least in the US CANN is getting 30%-40% profit margins. So Cann's footprint in the US should help the stock achieve cash flow positive.
Comment by
bober2 on Feb 21, 2024 8:32am
inviolablspirit, the financials should be coming out shortly then we'll see. !.1 billion shares outstanding is alot swallow. I think they're just waiting for the right time to do a rollback which won't do a thing for the stock price just an excuse to do it. I hope I'm wrong but I've seen this playout in other deals I've been involved in.