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Home > Boards > US OTC > Cannabis > CannaGrow Holdings, Inc (CGRW)

This stock is headed a lot lower. I

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Alan Brochstein Member Profile
 
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Alan Brochstein   Monday, 06/05/17 07:15:34 AM
Re: None
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This stock is headed a lot lower. I wrote about it publicly in October when it was $3.20:
Quote:
CGRW is a great example of a stock that has far exceeded its potential due to hype. The company, which has been around since 2006, is in financial shambles, and the 17000-1 reverse split from 2012 should serve as a warning to investors. The company has no assets and no sales, and it has no access to capital. In my view, the stock would be overvalued at $10mm, which by my calculation (excluding convertible debt) would equate to less than a penny after adjusting for the Series A Preferred and Series D Preferred.




If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.
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