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$50B funding coming on top of that $3B from the IMF
https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/04/imf-announces-50-billion-program-for-coronavirus-relief.html
who forgot about this huge tidbit from the big 2/3 PR. "DEVELOP and TEST a new 2019-nCoV vaccine to be manufactured using iBio’s FastPharming System™. THE COMPANIES ARE EXPEDITING WORK as predictions about spread of the disease continue to worsen." BIG NEWS COMING SHORTLY!!!!!!!
Its the IP and processing know how that could make this company worth billions with the right partner needing to use their CDMO.
Because the rest of the market is up. When the next coronavirus scare tanks the market, this will go back up.
IBIO ATTENDED TRUMPS MEETING TODAY
attending Trump’s meeting:
Inovio Pharmaceuticals (INO)
Applied DNA Sciences (APDN)
Geovax (OTC: GOVX)
Altimmune (ALT)
Vaxart (VXRT)
Vaxil Bio (OTC: VXLLF)
GlaxoSmithKline (GSK)
Novavax (NVAX)
iBio (IBIO)
Tonix Pharmaceutical (TNXP)
Moderna (MRNA)
ImmunePrecise (OTC: IPATF)
https://stockpence.com/featured/trump-meeting-pharmaceutical-coronavirus/amp/
WOW OUR PARTNER CC-PHARMING ALREADY MAKES THE SIMILAR MERS CORONAVIRUS VACCINE! LOOK!
http://www.cc-pharming.com/show-94-56-1.html
Just keep repeating today's huge news. IBIO is on the WORLD HEALTH ORGANIZATIONS LIST OF CORONAVIRUS FACILITIES. Now watch this stock rise to $100+ along with the few others in this sector while everything else keeps tanking.
IBIO JUST MADE THE WHO LIST OF CORONAVIRUS FACILITIES 3 HOURS AGO!!! INTERNATIONAL FUNDING COMING
https://www.who.int/blueprint/priority-diseases/key-action/novel-coronavirus-landscape-ncov.pdf?ua=1
$10 prediction this week with only coronavirus sector news. $25 on news of IBIO progress.
The OS is extremely low here. This could hit over $20 a share in the near term.
I doubt constellation wants to make anymore cannabis acquisitions due to the fact they lost $534 million on canopy just last quarter.
Betting on a plant that can grow globally is the quickest path to losing everything. Kudos to being correct here for months. I truly believe a bankruptcy will be announced in the near term. Nobody is going to buy out a negative cash flow operation.
That website is a fake penny scam. Aurora drift has never been mentioned by insiders or official press release anywhere.
Cant believe anyone fell for the drift scam. That website and all associated social media are fake fan created sites.
All drift websites and social media have been removed. A typical penny stock scam.
Today i expect a "Coke Crash" to at least 1.85 and possibly 1.7
Yes but that news wouldnt be as impactful.
Coke responded today “These rumors are untrue,“ Coca-Cola said in an emailed statement to Bloomberg News. “As we have stated many times, we have no plans to enter the CBD market.”
https://www.bloomberg.com/news/articles/2019-12-26/video-fuels-speculation-coca-cola-to-offer-cannabis-drink
Its going to close red again. Hype was invalidated.
The cap video is fake. Exact same cap- video from feb-
The debt note converts into about 85 million shares. Smart investors are waiting until the market turns red before dumping for maximum profits.
You are right for weeks. Option puts have done really well.
will we see under $2 tomorrow? Looks likely!
HEXO just reported a 81.5m loss after hours! Is $1.5 coming tomorrow?
CAM cancelled the chicago ACB presentation. Is today bleed-out day?
The sector is rising simply because some analysts from piper jaffrey say most of these Canadian MJ stocks are oversold (overweight).
The canada mj sector is now selling $3.40 grams through hexo's original stash brand online as of last week and significantly undercutting ACB's profit.
https://www.marketwatch.com/story/hexo-to-sell-original-stash-cannabis-flower-at-black-market-prices-2019-10-16
Yep HEXO just released news that they are undercutting the black market on price in Canada.
ACB's news is causing red while CGC's news is causing green. First time in a while they are now trending together.
I have been bearish all year but today changed my mind. I will be bullish here for the forseable future as i believe cannabis 2.0 started a sectorwide squeeze along with big edible partnership news anticipated from ACB soon.
amazing how one opinion article with many "IFs" causes this much excitement after hours.
delusions of grandeur make sense during upward trends. On downward trends, that's just losing touch with reality.
Nice video. I too wonder if today's reversal was just a knee jerk reaction to positive sector news. Lets see if 3.85 resistance breaks tomorrow or if we fall back below 3.5. I exited my position this morning and waiting to determine if i should go bullish or bearish based on early action tomorrow.
Premarket sector pop starting to erode. Could be a huge panic day.
Any piece of bad news on any Canadian stock tanks the whole sector that day.
Actually all noteholders will convert for a loss crushing the PPS on the way down because getting anything is better than 0 which will happen if the note holders dont convert when a bankruptcy is announced. Note holders will certainly will not refinance their notes in this falling market because ACB would need to raise the share count by billions more shares to have enough reserve needed to convince the note holders to refinance.
Its clear my current sentiment is negative due to the factual evidence that all of the largest publicly traded Canadian MJ stocks are missing their own financial projections.
Or stay here in any MJ stock doing well with put options over the last 3 months.
I agree. Even though the ACB sold TGOD for double they could have held for higher profits long term. Shows ACB have no faith in their own sector.
Great point. It all depends on how cheap the big partner can acquire a stake in ACB. If ACB falls under a dollar or goes bankrupt, im certain plenty of big companies would want to get ACB's world class assets with significantly less of its liabilities.
I hope tobacco companies learned from their mistakes of severely overpaying for MJ companies.