Post by
mingzhu on May 24, 2018 11:32am
my take on this PP
bad for short time and good for long time. Here are the reasons:
80% pot companies will eventually disappear after the legalization, down from a couple of hundreds to dozens. Share price on average will be down 50% to 80% from the current level. only those which have cash can survive except for a few big companies like WEED and ACB. HIP has $150 m cash now. It has a good chance to survive. Share holders should be happy to have PP at 0.75 now. you cannot have this kind price a few months later after pot hype is over.
Comment by
CCAUTB0 on May 24, 2018 11:35am
This post has been removed in accordance with Community Policy
Comment by
keepitrealhomie on May 24, 2018 11:42am
Very true, except this isnt a PP. This is a bought deal. Shares that were bought from the treasury. No new issuance.