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The investor relations is actually outside firm but I used to get response from them in the past. But not this time. I'm going to join August call and ask all the questions I have.
I sent an email to CEO and Investor Relations regarding share price decline and lack of any news. They could release a PR at least once a month. I'm sure they get one contract per month.Hoping will get some reply.
Fair enough. I wouldn't personally post either positive or negative without any financial benefits to me.
Ah... I sold EOS and bought more XRP.
yeah, agree. Why someone posts either positive or negative without any interest. Makes no sense. However, I like to see negative posts once in awhile about stocks which give knowledge about other side of the story.
ok. Within next few months we will all know how this ends up with. Either you short this or go long. Otherwise you won't make any money which is everyone's goal here. You gain nothing by posting here without interest. Just waste of time.
You forgot elephant in the room - Licensing process. HC will be stupid to waste resources and time to revoke the licence which is already approved, especially for a big company. As I said, there is some risk at this point but reward is too high to ignore.
I understand what you are saying but I think HC has following options.
1. Revoke the license, shut down the company and make 600 people unemployed. Put 70k patients in jeopardy.
2. Let the company keep license but $1M fine and punish the executives.
3. $1M fine and suspend the license but option to keep the license open under different management or acquisition.
Now, both CEO and Chair gone, there is very thin chance that HC will take option 1. If they go option 2 or 3, then it's good news for the company and stock price will rebound.
So there is an opportunity to make money here with some risk. I also lost big money on this company and hated what they did but taking some risks with call options.
Perfect stage for traders.
Why didn't company refute Health Canada Audit report? Instead, they accepted their mistake.
Yep. Ripple and XRP will succeed no matter what happens to other cyrpto's. It has genuine use case. BTW, did you get any XRP from Ripple's recent 2M airdrop ? I missed it.
I got that wrong. It is Jan 2019
Agree. But canntrust is one of those "too big to fail". I think if the products being tested by Health Canada come clean, then HC will let CTST keep the license but with stern warning and hefty fine. One thing I don't understand is why they are testing if they wanted to destroy it or suspend the license.
Pressure is on from both sides. CTST has about 70k patients. Health Canada has to think twice before putting those patients in jeopardy overnight. I do believe CTST must be punished for their stupidity but not the license renovation at this point.
There was an agreement between company and the founders(Keens) that they can start selling their shares at 200k per month from Jan 2018. I guess, other insiders are also selling their free shares.
Man..that process takes at least 6 months. Check Agrima Botanicals Corp. Health Canada won't revoke license overnight. In Canntrust's case, they may even keep it. However, problem is still there since fine could be $1M and destroy the product which is worth $30M.
"When we do it, it will be number one in the blink of an eye "
-Kitao Yoshitaka, SBI Group
Where is this going ? $11.11 by 2020. Of course that's my prediction.
I agree what you are saying. What do you think HC will do here ? How can they stop other companies producing illegally ? Can Aurora or Canopy produce thousand kgs of MJ illegally and get away with little fine ?
HC hands are tied. If they let go CTST with little fine then every other LPs do the same thing. I think, Health Canada will take extreme step so that other LPs don't break the law.
I really thought this company was undervalued and had good future. Invested significant amount of money. I was wrong. Can not believe NYSE traded company can do something so stupid like this. Well, lesson learned and move on. Took big 40% haircut. This probably going to pennies.
This is serious issue. In worst case scenario they could lose license. But for risk takers this is buying opportunity. Im going to wait and watch. If drops another 10% I'm out.
Good post. Agree 100%.
It's good to have few BTC and other cryptos but whenever I think about crypto can't think of any other better than XRP for real use cases.
I thought that article was worth reading. Buy/sell/hodl XRP is your judgement not mine.
Undervalued stock and low cost producer. This is going to double by next year. Adding little more here.
First of all,I've fairly large position so not bashing...
They have less than 500k cash which can take them another 6 months or so. Then they have to raise cash. How ? Who in the right mind invest in this non growing company right now ?
What's real value of any Crypto ? Nothing.
It's demand vs supply equation. I see parabolic movement of XRP in near future irrespective of number of XRPs in circulation.
It's called hidden gems. You won't make big money on stocks which are on big board, easy access to big investors and huge volume.
https://finance.yahoo.com/news/former-ripple-exec-lead-binance-130004584.html
This is about to explode. Very soon.
This is on life support. Not enough cash on balance sheet, hardly any revenue growth. How will they raise cash at current PPS ? Great potential but miserably failed execution. Unfortunate.
Think about it. XRP goes down more when BTC goes down. I would wait until end of this year at least. When Money Gram starts xRapid, volume and price should pick up.
Apparently this diligently follows BTC downtrend but not uptrend
same here. Majority in XRP and rest in others. But I definitely underestimated BTC.
It's little frustrating especially when BTC moving up. Even BCH moving towards $500 which I sold some at low 400 to buy more xrp. I believe it will move up but not until some big banks actually use it.
Great. I've just 2 Bitcoin and lot's of XRP and other Alt coins. May be
a mistake.
BTC most likely to cross 12k by this week end. Bit strange other Alt coins are not moving along with it. It is good in a way that I prefer XRP to move on its own strength.