Bang Holdings Corp (BXNG)

[teraphim]

Why on Earth did they price the stock so high??
It should have started trading below a buck.
in this case a quick spike to 2-3$ on big volume was quite possible
due to 4/20 hype, bringing many new eyes on it.

more than that, what will be the catalyst to push the stock as the 4/20 has passed? This otc IPO really looks like a bad parody of that of MSRT from last year. MSRT started trading BEFORE 4/20
so that the momentum slowly built and here we have just a strange pricing and rather unlogical timing,imo.

On top of that, my broker doesn't allow me to buy this stock (usually this happens once a year or so,don't know why, the same is true for CGRW) so I can be a bit biased.