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Wednesday, April 23, 2014 1:56:41 PM
Resorts went public, to the best of my recollection, at $13 or $17, & very quickly went to well over $100/shr. Another friend of mine, who lived in the AC area, had a $5 million gain on the shares he bought. I wanted to take a position but couldn't for reasons out of my control, & it has bugged me for years. It, like USEI, was a no brainer.
What happened with MDBX going from $4/sh on a Monday & hit $215 by that Friday, reminds me of the Resorts ipo explosion, & the fact that after resorts, other gambling establishments opened in AC, went public & made many more millionaires.
The bottom line is the marijuana industry, just as gambling in NJ was in the past, is in its infancy & has no place to go but up, & if you're in you win!
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