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I think that is a good analysis. All the pieces are in place, and maybe they feel it is time to sell. I hope they command a higher price then $2.00 if that is the case.
Companies are comparable in all but price. Both will be around for awhile!
This was so oversold, its hard to believe it ever dropped below .25. I think over the next 3 months we will see .60, but might retrace a bit in between. We are definitely out of the "kiddie pool" now. Institutional buying will help prevent the roller coaster effect.
We must be seeing institutional buying with this volume which is huge. They are not "flippers", so will lock up shares for a one to two year period.
If you made this analysis a year ago maybe. In one year this will be over $20 with escalating revenues, and deals coming to fruition.
Not to mention Sean toured Aurora with Cam about that time. Could it be they had something in the works then, but Sean rubbed Cam the wrong way so to move forward Sean had to leave. Pure speculation, but this is definitely a crossroad for Namaste. Hope it all works out for the best.
There has to be something more to this. The Andrew Left thing had blown over. They would have fired him at that time if they thought there was merit to Left's claims. I think a prospective buyer might make his leaving a condition to the purchase or merger. Sean, for all his faults, was a hard working dude, and this has to crush him. I honestly don't see Namaste firing him without some outside influence requiring it. IMHO
Definitely prefer the merger scenario unless we can get over $3.00 a share on buyout.
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Definitely truth to that! One in 20 messages contain any meaningful dialogue. Just enough to keep us coming back. Do feel in my "bones" this is a great investment however. As I said before, time will tell.
And they have retained them as consultants to get their expertise! Good move. Exciting to think of this company and where its at in 2 years.
Looks like the old fella got into some bud!
I am hoping by April supply has the ability to keep up with demand, otherwise there will be a slow rollout by government of new shops simply because the ones already open can't keep inventory.
I will just wait and accumulate until it runs.
I will just wait and accumulate
Actually they have received $50 million (30 earlier then another 20) from Aurora so you know they have the backing needed.
Right now they can't even sell in Canada! Who knows where they will be in a year or two. If Aurora moves into the U.S. Choom will be there as well. It is a buy and hold for two years minimum
There is a reason they need that money now, and it will all make sense in a couple of weeks I would imagine.
Good timing. I got in around .80 and added on recently so .54 is my break even.
I think the problem lies in the slow rollout of licensing. These guys have the money, and the product behind them, concept is great, they have the locations, but no license, no money. This is probably a $5 stock in two years if half their planned facilities are open. I can wait.
I can see why your Broke Mon. $25 end of 2019, and $50 in 2020. If you want to walk away from this kind of upside best of luck
Get to work Incite! Take this baby to $5 this year, and you will be money well spent.
My question is-Are we talking share buyback where the shares are retired, or is this inside buying where they can turn around and sell on the open market down the road?
I can see $8 by end of month. $12 maybe by end of Feb. Something of substance will transpire by then IMHO. I don't think any of us were prepared for such a dramatic drop in the MJ sector, but good seeing green again!
It will be exciting to see the Choom stores open their doors. I would think there will instantly be strong revenues, which should make this a $4-6 stock in two years. Or Aurora buys out along the way for similar valuation. Fun times ahead for all who have been patient!
Oregon is a relatively small population state, and they gave a license to anyone who could plant a seed.Perfect example of the wrong way to roll out the MJ market.
Did the same thing. Tapped out around .82. Hard to time a bottom, but in a couple of years it won't really matter unless you sell after a 10% gain like some people that come and go on this board.
This is so underpriced, even with target price reduction.
Aurora Cannabis Inc Price Target Cut to C$15.00/Share From C$17.00 by Eight Capital
POTN is extremely low risk, and high reward at this point. Since MJ and CBD stocks are a bit of agamble, I would rather bet on POTN then against them.
Remember starting on Oct.17 that is only half a quarter, and there were a lot of issues on roll out. Next quarter $60-80 million. IMHO
CVSI has the better revenues, but POTN the better share value, and better buy right now. If they have half the revenues of CVSI then price per share of $2.50 is not unreasonable
Time to stretch and wake up Choom. You been sleeping long enough!
Quite a late day pull back, but good couple of days. Take a breather, and resume run hopefully. Wish everyone a great 2019!
I am thinking $8 million. They have been doing $6
I guess we should ask the source of the Cramer story. Fir 1 do you have any verification that this is true?
Not yet, but revenues will increase dramatically in 2019, so reducing dilution would make sense then. It is definitely what Wall Street would like to see.
I am guessing $8.2 on Valentines day, and $15.60 on Dec. 31, 2019
Thai weed back in the 70s changed the landscape of pot. Before it was Mexican weed. Friends coming back from Viet Nam brought these buds tied to a stick they were so big and heavy. Stuff was almost halucinagenic. MJ has come a long way, and has a long way to go with Aurora leading the pack.
MELE KALIKIMAKA TO ALL! WISH YOU A HEALTHY, HAPPY, AND PROSPEROUS NEW YEAR!!!