Post by
Starkicker on May 10, 2024 2:57pm
Not waiting anymore
Just did a deep dive into LABS versus some others in this sector over last couple of days. I can no longer rationalize holding this stock. Even if it has a blowout Q1, it won't amount to much of a boost to SP with 404 million shares out. Cronos has fewer shares out (380 million), has the same debt as LABS, and is sitting on $860 million in cash. At under $4 it looks like a much better value to me so I'm out. Good luck to you all, hope LABS works out for you eventually.
Comment by
okgonow on May 10, 2024 3:39pm
lol well if he did sell all today, he must have owned a huge amount of shares (sarcasm intended). why the hell anyone would sell before Q1 comes out makes even less sense than our SP still sitting at $.08 but good luck
Comment by
alleyesonme on May 10, 2024 3:40pm
20 minutes, decent bid for .08, best of luck on your next pick.
Comment by
Solid1 on May 10, 2024 6:09pm
Anyone who sells their shares here for 0.25 cents should then withdraw from the stock market because they have no idea
Comment by
subaru1 on May 11, 2024 10:07am
Solid1, please be more precise, what are your idea, Revenue, Eps, target etc. and when will you withdraw yourself. Have a nice day
Comment by
Solid1 on May 11, 2024 10:27am
I have no price expectations, I rather expect Medipharm to fulfill its disclosure obligations and announce its plans and partnerships. Only then can we think about the price
Comment by
Redwine12345 on May 13, 2024 12:19pm
It is hard to have price expectation when volume on ask keeps replanished after each transaction. over 250K traded and the volume almost hasn't changed. Someone is keeping lid on this puppy. How many shares do they have to do this? How are they going to recover selling shares at the bottom? Unless, they are on bid side as well.
Comment by
moose73 on May 13, 2024 12:47pm
It's a painfull boring stock to hold, hopefully we finally get something good Wednesday .
Comment by
subaru1 on May 13, 2024 12:52pm
Wednesday will be the day we brake the $0,10 or it is going to be dead money for a while again. Mr Pidduck has to deliver it is about time.
Comment by
Starkicker on May 15, 2024 5:20pm
Hey lads, sorry for the late response. Hopped a flight to Portugal and have been out of cell range. Yeah, sold 150k shares last week. All of them.
Comment by
subaru1 on May 10, 2024 3:53pm
Well Cronos has a lot of cash, it would be nice if they buy MPL at $0,25 or more.
Comment by
unplugged1 on May 15, 2024 5:57pm
Can't sell what you've never owned lols