Post by
SWInvestor1 on Feb 10, 2021 3:38pm
Restricted shares
Can anybody confirm that restricted shares can start to be sold March 15th, 2021 and will be dripped (or flood) the market in the next 18 months
Comment by
greendaze on Feb 10, 2021 4:02pm
There are 7plus million shares that insiders own that are unrestricted and you don't see them selling much if any . See : Canadianinsider.com . When the rest become unrestricted some assume that insiders will crash their own company or they want you to think they will . This is absurd in the extreme. It's just another shorter strawman . Insiders are not that stupid .
Comment by
SWInvestor1 on Feb 11, 2021 8:33am
And they are releasing 10% everymonth after correct?
Comment by
humanist945 on Feb 11, 2021 9:36am
I will bet anyone here $1 million the shares are trading below $15 by year end... and if I had to really guess closer to $5... but there will be some people that make money trading it along the way... the two founders are multi billionaires on paper, how do they not try and sell a bunch... with weed space heating back up, that will probably be in their next press release...
Comment by
Assucker on Feb 11, 2021 10:25am
I agree, just wish there were shares available to short this scam. This one would be an all in to the bottom.
Comment by
deleuze68 on Feb 11, 2021 10:41am
I believe it is 15% every 3 months with the last 10% to be released 18 months from March 16, so: 3/16/2021 - 15% 6/16/2021 - 15% 9/16/2021 - 15% 12/16/2021 - 15% 3/16/2022 - 15% 6/16/2022 - 15% 9/16/2022 - 10%
Comment by
humanist945 on Feb 11, 2021 12:20pm
Where is this actual restricted share information? The disclosure around this is so convoluted. They may be behind on their SEDI reporting as well... I do see the marijuana promoter that joined the board has been selling a bunch...