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Imaging3 Inc through its wholly owned subsidiary, Grapefruit Boulevard Investments Inc, holds California permits and licenses to manufacture and distribute cannabis products. The company's cannabis and CBD extraction laboratory and distribution facilities are located in the Coachillin' Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, approximately 10 miles north... see more

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Imaging3 Inc New - Ordinary Shares > Newbie Question

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Post by whatistrading on Apr 01, 2019 1:34pm

Newbie Question

If everyone sells after RTO, what happens? Does the SP crash?

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Comment by OMG2THEMOON4ME on Apr 01, 2019 1:41pm

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Comment by whatistrading on Apr 01, 2019 1:46pm

Okay, well lets see, i can almost see everyone is looking to DUMP this stock as soon as it hits a dollar

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Comment by Thaiberd on Apr 01, 2019 1:52pm

That's true but the whole point of the RTO is another company is going to be behind this ticker and other people will want to buy in. If the RTO goes through it will spike to the RTO price and it could keep going up like VREO did or it could sell off, but it would bounce back somewhat if it did selloff.

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Comment by OMG2THEMOON4ME on Apr 01, 2019 1:58pm

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Comment by whatistrading on Apr 01, 2019 2:00pm

Okay got that. Also how does one decide the final SP after RTO, can we just assume this will follow VREO steps?

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Comment by Thaiberd on Apr 01, 2019 3:41pm

Hard to say because every company is different, and the fact that GBI is a private company it's hard to tell what their valued at. IGNG has 38.5m outstanding shares and VREO has 110m. If GBI were to be valued at the same price as VREO, the shares of IGNG (GBI) would be around $14.00 to get the market cap equal to VREO. But like i said we dont know what GBI is valued at so its hard to say what ...more

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Comment by Growth100Percnt on Apr 02, 2019 11:36am

Thaiberd I'm not completely sure of the VREO rto. So VREO did a rto of another company, correct. Looking at the charts it doesn't show the past sp of the previous company, so what was the sp of the other company at the time of the switch over? And why doesn't it show the past sp anymore?

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Imaging3 Inc New - Ordinary Shares