Indoor Harvest Corp (INQD)

[RealDutch]

The problem isn't solved at all. They exchanged one toxic note for another. And where is the $600k they were supposed to receive?

Rifici got warrents for 30 cents. Usually a stock will have a very hard time rising above it, for quite a while, whether it's Rifici or someone else.

Something else is going on here. Lots of hype, lots of volume. And the default acted as a trigger or a catalyst. Chad was right about the importance of volume.

Of course there was some good news, Chad resigning as CEO, sacrificing some of his shares, but none of these things can explain the rally. The stock was simply undervalued to begin with, given revenue expectations. I posted a lot about this. The only issue I have here, is that under normal circumstances Chad wouldn't have defaulted on the loan. He would have repaid it. And the people betting on this outcome were not rewarded. Instead, they were confronted with a real problem.

Anyway, I said many times that startups are problematic. I was just hoping that Chad could prove me wrong, this one time.