Post by
Benedictus on Sep 05, 2019 1:20am
seems pretty leaky
well considering how "leaky" this stock trades, I imagine we will have a NR soon to answer to this volume and sp pop today. My hunch would be a confirmed closing of the OK falls sale. That much needed capital would be helpful at shoring up shorterm capital concerns.
Technically the chart was due for a dead cat bounce, could take the sp to 1.25ish. Bottom of the nasty gap down is around 2 and the only way snn gets back up there, to close the gap, is with some very good news imo.
I am hoping snn gets creative as they had suggested on the cc. If they can successfully offer current extraction, packaaging and distribution capacity to 3rd parties that would bring some needed capital. Everything should be humming at full tilt whether its our product or a 3rd parties product. Also, if they can figure out a way of bringing even 1 bay in the GH online earlier than the full facility, thiis could potentially take a good portion of the near term risk out of the story. Let's see how it evolves...
Comment by
TrendSwapper on Sep 05, 2019 9:44am
Somethings definately up, and it's not the sale of the facility. That news was baked in during financials.
Comment by
Benedictus on Sep 05, 2019 11:12am
We’ll see what happens. Rumor mill runs usually die on the vine. Certainly not ruling out the possibility that an Mso may be sniffing around snn though...