CannaGrow Holdings Inc (CGRW): Maybe this turd will finally have a good...

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Alan Brochstein

Re: None

Wednesday, 09/07/2016 8:52:47 PM

Wednesday, September 07, 2016 8:52:47 PM

Maybe this turd will finally have a good day. Cannabis stocks are on fire, and this thing is stuck in the mud. Great chance to sell into the promo tomorrow if this turd does bounce.

Don't get caught holding the bag here - this company has no assets at all except a worthless Candwich license (NO plants, NO greenhouse), lots of debt and these convertible preferreds that boost the fully diluted share-count up to a whopping 700mm shares. At $0.60, that works out to over $400mm. Only on the OTC!

I can see why someone is paying for a promo - they want out. Probably the Jet Life Penny Stocks losers. That makes sense, as they must be frustrated by the rotten performance here.

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