Sunday, January 29, 2017 3:41:37 PM
I know nothing about the CEO and/or the others that are silently involved. I dont think anybody posting here does, frankly... All i know is that they seem capable of writing some decent PRs, in a sector that is seeing a massive influx of new $$$ every day... and the company is starting from a relatively clean enough slate that if they have drive and really try to make something of this, they will have a very strong base of early support from us investors... but if they screw us, they wont!...
In other words, they can take this BOTH directions, but it is too early to tell either way... being EARLY investors, we have the opportunity to make some decent $$$ from the volatility, while we give them time to prove themselves... My advice is to sell some into a big move and work towards a free position. Low risk + high reward = good... Then roll that $$$ into a new MJ play and repeat process, building a low risk portfolio of potential monsters.
A lof of people are jumping into the MJ sector as their FIRST investing experience right now. Money is coming from everywhere... and some of these companies are sure taking advantage of it!... I hunt for the best risk/reward plays myself, but even the outright scams have ran hard on MJ news. Im blown away by the valuations of some of these stocks with no revenue, huge losses, massive debt, non competitive products, low margins, overpayed management, etc, etc and they sit at 9 figure valuations. Its crazy, but thats what large amounts of inexperienced $$$ will do to a penny stock... and i dont see it ending anytime soon, not with the Cali Green Rush coming in January 2018 (which is where UAMM is located), along with the possibility of additional states proposing a vote for legalization...
Enjoy your Sunday, while its calm... I have a feeling our portfolios are about to go crazy. You know what i mean my friend. lol
My postings contain many opinions. So please do your own research
and validation.
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