Numinus Wellness Inc T.NUMI

Insiders buying or not buying is weak

[smallcaptdr]

Their market cap is close to $100 Mil and their cash position is $43 Mil with revenues that are up 35% but it's far from doubling so I realize that 1 analyst has a buy target of $1.10 but Eight Capital who gave the rating also bought at $0.34 so that a complete conflict of interest pumping a stock that you bought so with the market cap twice the price of their cash position this is getting close to the SP limit and they have been chewing through their cash fairly quickly so this has to be watched because they're not making enough profit to keep from using their cash. Just be careful.

Numinus Wellness Inc. NUMI*CA Stock Quotes and Insider News | Insider Tracking

[yvrean]

I think once the sept.10 $0.35 warrants are out of the way, this will go down again.

[JocetooBad]

I think we'll need to see the combined performance of Novamind and Numinus in the quarterly results, once the synergies start showing (maybe after 6 months+) before we can really gauge how fast the stock will climb (or not). But I'm cautiously optimistic, consolidation was the right way to go. GLTA J2B