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Bullboard - Stock Discussion Forum Bedrocan Cannabis Corp. V.BED

TSXV:BED - Post Discussion

Bedrocan Cannabis Corp. > The speculation of the delayed earning report.
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Post by PotStocker on Mar 19, 2015 1:49pm

The speculation of the delayed earning report.

The 2014 Q4 should give us the highlights of how the business was doing for the three and twelve month period ended on Jan 31, 2015. Why the earning report got delayed?

The delay is not unusual but this delay does not fit into the profile of this management team who executes its business plan like clock. Bedrocan is not the kind of hype company and from all my knowledge of business, it is not the kind of company who hides bad news from public either. Anyway, it is a venture startup, and risk is normal. So, what is going on?
 
The only logic explanation is that, there is something really going on and it is big. It is big enough to hold on the earning report because it is ongoing and the successful of delivery of this ongoing event will significantly boost the share price.

Something is brewing....


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Comment by MagicBeans on Mar 19, 2015 1:58pm
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Comment by frankie1122 on Mar 19, 2015 1:59pm
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Comment by PotStocker on Mar 19, 2015 2:08pm
Good point. I have thought about it as well. Even the the sales was bad and it drove share price down to 60  cents, what would Bedrocan loss? Nothing. I can not think about any logical reason why Bedrocan should delay the earning report and use a few weeks to sugercoat it. It is a startup, business is still trying to get on track. If it is not on track, it is expected.  
Comment by PotStocker on Mar 19, 2015 2:16pm
Regarding the share price is around 76 cents. Based on my years of trading XGD, XGE, HED, HEU, HOU, HOD, the share price always go opposite way before any major news. And right after the news, the price reverses. Like yesterday, the oil price before the Fed meeting. It is just my opinion and feeling. Bed is very undervalued. It should be a $/ share, not penny stock.
Comment by Tweedlede on Mar 19, 2015 3:02pm
What I am hoping for is they are going to put in nice forward outlook information that will boost the price.  Much like how Tweed has bragged about clients/revenue before Q1, and the price jump that it caused.  Mostly because I really want to unload some BED.  I loaded up aggresivly before the MMPR grant, hoping to unload on that news.  Now I'm stuck with a hoard of ...more  
Comment by PotStocker on Mar 19, 2015 3:18pm
Yes. I agree with you. Bedrocan should promise some sweet future instead of plain reality. Stock is always about buying the hope, selling the reality. Actually, the CEO of Bedrocan knows too much about the pot medical potential so he is very conservative. But this is the company who had 1300 patients before IPO, who realized first one millions import just one quarter after IPO.   I really ...more  
Comment by MagicBeans on Mar 19, 2015 3:28pm
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