Halo Collective Inc. N.HALO

Who’s Buying and Why?

[ACBMADEMERICH]

Sollmg, any insight on who is buying and why? Can't be retail interest, must be institutional investors. What has opened up the eyes of investors? Simply the new US government coming or what?

[sollmg]

with the volume definitely not ordinary retail. Biden and the Democrats sweep is a big factor in the buying imo. Also articles highlighting New York likely to legalize marijuana for tax revenue (as well as sports betting) will have other cities and states likely following

[sollmg]

plus I think there is some buying pressure to get the price to where Halo wants it for the consolidation. I noticed PI standing on the bid at .095 late yesterday. They put in a 3 mil bid at 1530 to keep the price up. Likely forced some short covering

[ACBMADEMERICH]

Thank you. Just wondering where all this interest is coming from all of a sudden. Not complaining though.

[EricQC]

Sollmg, from the activity your seeing, would you say that short-term wise this one has more legs to run or that it could droit back to the $0.06-0.07 range before its next run?

[sollmg]

I wouldn't even try to make that call because i'd likely be wrong. I'm standing with the shares I have but at this point i'm well in the green. If I was in the red and had bought shares at .06 or lower I would sell those shares and hope the sp retraced. If it didn't i'd wait until after the consolidation. But its a c ra p shoot until we know what the consolidation ratio

[EricQC]

Thanks for sharing your thoughts sollmg. What do you see on the order book on the bid for this morning? Is it really deep? And what about the ask? On my platform, I now see the bid at $0.13 with only 17k shares whereas the ask sits at $0.125 with just over 1M share offered which makes it seems like the share price is set to go up at the open. I assume the info (on my platform) might get refreshed

[EricQC]

And btw, which trading platform are you all using to see the order book size at different bids and asks and how deep can you see?

[sollmg]

Level two bid 0.13   17,500 0.125  219,500 0.12    139,500 0.115   4,400,000

[sollmg]

BMO Market Pro Lite. It doesn't have level two Bid /ask. I have to get that from the Bank's Stock Listing page which is only 10 deep.

[EricQC]

And what do you see on the offer side? What is your take on the direction at the open whenever the bid-ask is inversez like it is at market pre-open like this morning?

[sollmg]

Ask 0.00   2500 .012   30000 0.125   1110000 0.13   1747000 0.135  760000 0.14    317000 Looking at level 2 I expect it to show bid at .115 and ask at 0.12 shortly after open. Which way it goes from there I don't know

[EricQC]

Good insight. Thanks smollg

[mrv2000]

great call!!!!  sollmg... super pleased that i listened to you.... up so much in 2 days.. a litte surprised at the volume sell off... perhaps a new base here...

[mrv2000]

maybe... thats pretty good consolidation/churning in dec. high volumes oct - now... sector is hot, even stocks with average news are taking off... all stock transactions, and stock issues, corp options at lows.... unless company blows up, seems low teens is a prety safe bottom...  better to pick up some here and wait... if they keep improvin perfomance, and actually pull off somehing in

[sollmg]

Halo has posted a Forbes artical which is likely responsible for some of the volume https://www.forbes.com/sites/amandasiebert/2021/01/14/halo-labs-is-positioning-itself-for-federal-cannabis-legalization-and-cross-border-commerce/?sh=218bbe683c6e

[jeep91]

In a release yesterday Justin Jessop said that unaudited revenue for Dec was 3 Million....a 212% increase over the same month last year.

[jeep91]

Sorry ...."Dustin" Jessop.