News Focus
News Focus
Followers 11
Posts 194
Boards Moderated 0
Alias Born 09/11/2013

Re: VelocityShift post# 1150

Friday, 04/11/2014 4:00:38 PM

Friday, April 11, 2014 4:00:38 PM

Post# of 35277
Cool

IMO the mkt cap we have right now is justified by the conference business alone. Any announcement of an agreement to finance a good mj company could send this through the roof.

Especially when the mj sector levels out, it's been pretty bearish the last two weeks. IMO it's been because of the SEC halting some of the pot stocks, the notable ones being CANN and PHOT. Those were thougt to be two of the best companies in the sector and I think it really shook investors in the space up when those two were halted. Another positive about this company is that they are Canadian based and trade on both US and Canadian markets. It's doubtfult the SEC would touch them unless they were up to some serious mischief.

Also I believe the PP being cancelled is a good thing. It shows that MR Barr is conscious of shareholder dilution and that he is not desperate for money. Not just selling shares at any price to get cash. And why would he when he has a large stake in the company himself.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today