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Bullboard - Stock Discussion Forum Next Green Wave Holdings Inc. NXGWF

Next Green Wave Holdings Inc through its wholly-owned subsidiaries, is a cannabis cultivator and producer. The firm is licensed for medical and recreational marijuana cultivation and production in the State of California. The company's facilities are used for cannabis cultivation as well as the processing, production, and packaging of dry flowers, cannabis oils, and concentrate. Its brand... see more

OTCQX:NXGWF - Post Discussion

Next Green Wave Holdings Inc. > Thoughts on price decline...
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Post by Adanac on Jun 26, 2019 1:23pm

Thoughts on price decline...

Without a track record of revenue, pricing is primarily a product of human nature based on relatively uninformed perceptions. Couple this with retail investors selling at a losses who likely purchased in March at much higher prices; however, start-ups are more of a long term investment with some ups and downs over the first year +/-.  

It should also be noted that there are the shareholders who are selling as lockout periods end. One should take note of the release of stock from the escrow accounts which allow early investors and consultants to sell their units. The last release was for roughly nine-million shares in Apr and next release is in Q4.

Furthermore, small orders can cause share price to swing wildly since volume is so small.
Comment by LearnToPlay on Jun 26, 2019 1:30pm
This post has been removed in accordance with Community Policy
Comment by GR8BALLS on Jun 27, 2019 3:59am
Is anyone interested in starting a Facebook group for NGW?  
Comment by STOCKRUS on Jul 03, 2019 11:43pm
Yes it's unfortunate with NGW.C ...... I was looking towards a good 2019 .......  I sold my shares 2 months ago for 44 cents..... You may want to take a look at this junior producer that is under the radar. I bought in at 50-60 cents and I'm looking at $1.00-$2.00. Here's the latest news. Signs JV with China Pharma - Zhejiang Yatai Pharmaceutical  Completes ...more  
Comment by stockman40 on Jul 05, 2019 11:00pm
This post has been removed in accordance with Community Policy
Comment by BigNewsBob1 on Jul 06, 2019 8:57pm
This post has been removed in accordance with Community Policy
Comment by BuhlzI on Jul 08, 2019 5:19pm
Excellent post....Thank you. I ordered a couple of books from the list.
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