InvestorsHub Logo
Followers 3315
Posts 33124
Boards Moderated 1
Alias Born 06/29/2011

Re: NorthShoreTrading post# 46752

Friday, 10/21/2016 11:17:59 PM

Friday, October 21, 2016 11:17:59 PM

Post# of 100389
With respect for the 1:10 RS- Here is why I am for it:


If I say, have 100 million shares, that leaves me with 10 million at 002.

The float will only be around 80-100 million tops. Half of that the ceo himself owns and when I spoke with him, he wont be selling. That leaves anywhere from 40-50 million float. There is no way you can even get 10 million under 005-006 with that kind of float. UBQ* float is 44 million and its trading at 027. OWC* we all know what happened there. NEW* is .028 and float is even larger. They have cultivation coming as I pointed out earlier on the website, FDA approval, COLA approved to sell on shelves and plenty of other updates coming with the things they have shown on their website and FB. I am really not worried here. But yes, normally I would never consider something like that but its only a 1:10, not like the 1:12500 another company did 3 days ago or even a 1:50 its really small and very fair. This should be trading around .15 by end of January :)