Makes some sense that they bring the PRs back out as we approach fall. I did mention awhile back that we'd see some silence (I thought it'd last longer), at least into the fall season. I also mentioned that I thought it would have the opportunity to run this fall with new investors looking to dip into this mostly untapped market. That was actually met with mild agreement from a mostly negative poster on this board. I think we're seeing some of that build now, into a fall run. Makes sense that Cruz held off on any announcement with OOS products on allcbd and lagging revenues. Now, with a more robust OTC closing in, the information begins to flow again.
I'm neither impressed or disappointed with the announcement of an A/S reduction. They've done that in the past. The results still were the trips, but most of understand that the initial hype was the Calkin-effect and it was bound to cool.
Anything that will continue to stabilize the SS is beneficial over time, so it isn't a bad press release. I'm not buying into the PnD war chant going on, because day folks will trade the heck out of the upticks making this 2-3 tenth spikes and drops fairly normal. The fact that the OTC contrarian viewpoint of sell the news is always in play is an easy explanation for a steady day today.
If this were a pure PnD, I would expect to see a fairly quick erosion back to the trips over the last couple of days as the stock tested resistance at 23-25 and only backed off to 21. I'm not impressed with the PnD theory based on that normal OTC day trade activity.
I do think Cruz will up the information as he gets closer to new product and labeling. I'm figuring it this way. The guy has some major skin in the game. He's fairly deep in the red. He more than likely would like to see a profit from his restricted, which he can start selling come November (I believe) at a certain percentage per month. The news over the last couple of days shows they ain't dead yet. Doesn't matter what the boo birds say or the guys pumping it up. The message speaks for itself. They still have some fight, and they plan on moving forward.
Many of us said we were here for the long haul, so there's no reason to throw in the towel now. Another run is imminent, IMO, and it could be stronger than the last one. Time will tell.
