Numinus Wellness Inc NUMIF

pp are relevant

[ratsnake220]

absoultly they are..companies with no sales and only a idea sell cheap stock and nobs on the street must buy into the story to hold the stock up....for the pp holders to dump later

[ColbyCo7]

So what is your educated guess as to how low this will go?

[amillionorbust]

@ My guess is around .90 cents

[ratsnake220]

what i said yesterday is oh so true...pp line the Board members pockets....as compnay has no sales....So now dilution...and when they burn the money you have another pp....to line the board members pockets....i said this yesterday after a poster naiivity said that pp have no bearing on the company....oh yeah....look at the stock price crumble

[SamRothstein]

ratsnake220, I have heard this argument before from quite a few people.  And if the money gets wasted then yes I would agree with you.  However, if the money gets used to fuel growth then I would say that is a smart move.  The alternative method to raise funds for growth is to borrow money.  I would much rather see them sell shares at this point than borrow money.  I woudn

[ratsnake220]

sam you think it ran up because of what?    i think the roadtrip Oleary and Linton went on pumped this and others up....honestly being in at .28 and out at $2.00 was the most i made in a month in the stock market on any stock.....but remember....early innings and a very slick pumping team is working these stocks...they are very good....thats the beauty is its going to have daily spreads

[SamRothstein]

Congrats on catching the NUMI run up.  I had 3 nice round trips and am back in at $1.15. Might buy more in new year.  I think it ran up to $2.45 for same reasons most of the shroom stocks ran up so much so fast:  Excitement, fomo, paid promotion, media attention, novelty, great story, greed, momentum traders, traders in general, people that made money on cannabis boom, people that