And Now I'm a Buyer
I said under .015 is where I will add.
Started with 100k at .015
I'll pick up 100k on each tick .014, .013, .012, .011
And 500k at .01
Below .01 I'll wait for .005 and go for 1m
I'd be surprised if ERBB goes under a penny but it's not outside the realm of possibility. My low estimate would be around .0125 before some heavy buying pressure and short covering would take place.
Aside from truly earth shattering news, I don't think PRs are going to move ERBB.
Here are some factors that I think would move ERBB:
-Earth shattering news, a 10 new Zazzz machine placements or the like with other AG entities
-Federal rescheduling of MJ, I have heard rumors this could happen before November but I find that unlikely since no politician wants to stick their neck out during the campaign season.
-Full scale legalization, probably not until 2016 or beyond. This year California even failed to get rec legalization in the ballot which is a disappointment. It seems the medical MJ community in CA is the biggest opponent of recreational legalization because it would erode their monopoly on the MJ market
-November elections, there will undoubtedly be discussion about cannabis considering over a dozen states have some form of legalization on their ballots.
-A major financial institution stepping up to the plate and offering capital to an MJ organization
-A profitable earnings statement from a penny MJ company
-Unknown, this is a truly nascent industry
The legal cannabis market is barely a decade old since CA passed SB420 and allowed for the retail dispensing of marijuana. Overall, the last decade has been a resounding success both in CA and elsewhere. Colorado and Washington's legalization efforts have been met with joy and none of the wild assertions of violence, lethargy and social degradation have come forth. While the cannabis trade is far from new, these legal methods of cultivation and distribution are just coming to fruition. With that comes a new understanding of cannabis and how we can benefit medically, personally and as a society. The changes we have seen are from those willing to fight for what they believe but that fight is over. Victory is here and hopefully we can collect the spoils.
