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Bullboard - Stock Discussion Forum Invictus MD Strategies Corp IVITF

Invictus MD Strategies Corp is a cannabis company with a focus on the Canadian cannabis space, offering a selection of products under a wide range of cannabinoid profiles that fit the demand of the company's medical clients and retail customers. Its wholly-owned subsidiary's Phase I and Phase II facilities are in full production. The company's 50% owned subsidiary has completed its Phase II... see more

GREY:IVITF - Post Discussion

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Post by fmab011 on Aug 20, 2019 2:55pm

VOLUME******

Anyone have a logical explanation as to why volume is so low today?
SP appears to have bottomed out the past month but nobody wants to buy Invictus shares.
Why not? What am I missing?
Comment by Eoj123 on Aug 20, 2019 3:06pm
At least we've hit the point of seller's fatigue
Comment by Yowza123 on Aug 21, 2019 12:57pm
Happy to pick up 11,500 shares today on cdn side. Prices aren't getting any lower.
Comment by fmab011 on Aug 21, 2019 4:36pm
It certainly appears that prices aren't getting any lower.  Volume is very low as is the SP. Look at the 1-3 month charts and you'll see seller resistance. However, Invictus needs to release some good news with more than fluff to get investors interested. The company has taken steps to reduce expenses. It needs sales and it needs the civil servants at Health Canada to get off their ...more  
Comment by Yowza123 on Aug 21, 2019 4:59pm
One source of extra money for Invictus could be from GTEC who still owes Invictus 2 million dollars after a convertible loan. https://www.globenewswire.com/news-release/2019/01/15/1696435/0/en/GTEC-Holdings-and-Invictus-MD-Strategies-Announce-Formal-Termination-of-Merger-Plans-and-Maintain-Existing-Working-Relationship.html
Comment by fmab011 on Aug 21, 2019 5:21pm
Every bit helps. That deal was put together soon after ATB agreed to lend Invictus just over 25-million. Talk all you want about revenues. It's great they are up. Bottom line is profitability. When expenses for any business exceed revenues your company is losing money. Again, Dixon has come in and in less than three months has done a great job righting the ship. There is so much left to do and ...more  
Comment by ketchenergy on Aug 21, 2019 6:43pm
Gtec looking for money to complete a purchase from canopy, wonder if these two companies need to merge? regardless gtecs great retail expansion is dead currently. 
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