EastWest Bioscience Inc V.EAST.H

My Thoughts On Where The Stock Is At

[Riskitbiscuit]

I posted this earlier on CEO.ca, but for anyone who is interested: 

"I would love an update on J.V. with Benchmark. I don’t know what’s stalling it. I do know that the company is focusing heavily on U.S. operations, which is a smart move, given the size of the market and the fact they already have CBD products in production there. Let me be frank, it’s no secret the company is low on cash, and another PP would be daunting in this sector given its bearishness the past year. If I had to make an educated guess, given the facts of where the company is in its development and what assets/cash they have on hand, and where the market is at, I would bet money they are cutting back on unnecessary costs and focusing their attention on getting to profitability ASAP before they run out of cash. That means cutting costs, running a skeleton crew, stalling agreements that would require significant investment from both parties. U.S. operations are the fastest way to reach profitability at the moment, and if I was Rodney I would be focusing on getting those operations running at maximum capacity. If that’s what is going on here, and I’m betting money it is, it makes sense that everything else is on the back burner. Stock price aside, I like the approach management is taking here. They are making the correct decision in focusing south of the border given the situation they are in. And a big part of that is the bearishness of the sector right now. East stock price has been punished way more than it deserves."

I am still buying down here at 3 cents. Looking forward to, and cautiously optimistic about next quarterly financials. Look to see growth in revenues from U.S. operations, and continued growth from Sangsters franchise here in Canada.

[SuperMoney]

Riskitbiscuit and other friends here, Does anybody have level II quote and watch it carefully over past week? Do you know which house put the big ASK wall at $0.05 first, then moved down to $0.045, and now at $0.03? Is it the house 74? I am just trying to understand why the big sells. Any comments please.  Thanks.

[Odelay]

It still looks to me like the seller at 007 is the one creating the wall. I would say that seller 74 today is just someone who decided to throw in the towel. On the L2, seller 7 is one of three people with 354k at 3c, and one of two with 92k at 4c, one of two with 25k at 4.5c and one of two sellers with 375k at 5.5c.  As has been the case for one year, every time there is a large number of

[Riskitbiscuit]

  As many have pointed out there is some serious manipulation of this stock to keep it down. If you're holding, the best course of action is to keep holding. Who ever is manipulating this stock downward is doing it for a reason. They want cheaper shares. Probably to run up the price later on when we are showing profits and investors want in. Don't give them what they want.

[Odelay]

Based on the level 2, I feel that whoever has sustained this attack believes they can get this to 2 cents. There are currently 651000 on the bid at 2, then it drops to 100000 at 1 cent. A lot of times people throw up a stink bid at 1 cent, because it is an easy to way to drop an average way down if your are stuck from buying near the top. But, the 2cent bids look more like the same walk down

[Nolo]

Correct me if I'm wrong, Odelay, but I don't think EAST can trade sideways for much longer at this price. According to TMX rules, if the market cap is under 2M for 30 consecutive days, EAST could face delisting. EAST is close to that now. There has been manipulation but at this point, nobody is winning except maybe the shorts. I've read somewhere that the whole smallcap sector has

[OneTwoOneTwo]

I'm sorry to say that this appears to be a scam from day one. You cannot have a public company banking on illegal activity for their product lines and joint ventures. I would run from this before it is delisted as Nolo indicates. lol

[Blackspar0w]

This post has been removed in accordance with Community Policy

[OneTwoOneTwo]

Yes. Do your own DD. Look into the licensing requried to do what EastWest proposes. Look into the Farm Bill and how CDB can be sold. Do a little reading on your own and ignore the pumpers here. This is a scam through and though. lol