Avicanna Inc T.AVCN

avicanna road to success

[Shaft4300]

They need to come clean to investors with revenue streams.Stock needs some new investors to build a better base. As a new shareholder bot in at 85 to 90 cts i believe the CEO needs to hire more experienced individuals to promote the company forward. We need to wait until the market settles down to do any financing. The current level shows very little volume and it is onley a few day traders invoved...I like the current CEO from what I have gathered but  he needs to find better parties to promote the stock..i could see why loyal shareholders are mad as the company had too many hiccups..The path seems clear now and we should easily go back to new highs.

[Hopeful123]

Shaft I hope you are right and all goes well..You are lucky your cost is manageable I wish mine was that good..This company had made too many promises in the past and none has come to fruition..Unfortunately they lost some key players and I am not happy of the stock price. The CEO has to grow up and dedicate more time to move the company forward..We need to see good revenues and profitability

[Hopeful123]

Shaft any thoughts of buying at this level..

[Shaft4300]

We need to clean up the shares from this Sethu guy. It is still puzzling how many shares he owns and what level he is happy to sell them at..I believe he is trying to get 60 to 75 cts . The market participants are doing the right thing in keeping him at bay . They will drag him lower and he will concede in the 50 to 60 cent range..What we should be doing is keep our bids at current level to force

[TommyD]

That's an interesting guess as to what he wants to sell his shares at. Also an interesting strategy to get him out. Absolutely ridiculous but great entertainment. Sethu has 3 million shares. At an average volume of 40k shares a day you do the math of how long it will take him to exit. Best of luck! 

[Hopeful123]

Wow you sure about 3 Million shares.

[TommyD]

Setu had more shares than the CEO and his co-founder the last time I checked. It was just under 3m shares. Setu is no longer on SEDI unfortunately. If my memory serves me both Azadian and Perohit issued themselves over 2m founder shares each at $0.0000000002 (you can check Azadian for yourself in SEDI) and then Perohit was paid in cheap shares for his services until the IPO and exercised options

[Hopeful123]

Looks like the son of a thousand fathers continues to drive Avicanna lower..I hope he rots in hell with his cronies. He sb placed on a totem pole and left in the heat to perish.

[Dagreedyanalyst]

He HAD 2.6M, ~ 1.5M is free trading, he likely sold most of that by now.....terrible timing as cannabis and his company reached all time lows, I guess he needs the money and desperate or angry enough to do it now. 

[Hopeful123]

At the end of it he gains as they were priced at zero and he will employ the proceeds in the cheaper tech area now . Hopefully the next issuance of equity will be their last as the company becomes cash flow positive..Is 50 cts a bargain it all depends on how well the company can cut costs..I believe that too many are paid in high salaries and should be given RSU instead to prove their loyalties

[TommyD]

Likely sold all of his shares by now? Even if he was 100% of volume that's not even possible. Not by a long shot. Next are you going to say that Avicanna won't have to raise more money because they will be revenue positive? Been down this road before....

[Hopeful123]

You are right about revenue positive..They need to cut salaries and other expenses to achieve this.

[Hopeful123]

This is not Sethu doing..this is very suspicious. Spoke to a guy who got me in this stock and he has no answer..