Saturday, October 29, 2016 9:57:28 AM
The reference to more funds will be necessary to move stocks higher as their PPS rises is both true and yet somewhat misleading. Right now, the pool of investors that are actively watching and participating in the drive up of CANN or other comparable sector stocks, is primarily from scarce institutional buying and largely unsolicited retail investors.
The growing media coverage such as CNBC is starting to pick up. And this trend will not slow down and exponentially increase the coming week and go even higher in the weeks and months after the election. This will amplify attention toward the MJ sector in ways never before seen and will drive investors to the industry. Right now, the attention is just a fraction of what it will be in 2017.
Secondly, it is almost all UNSOLICITED buy orders that have pushed CANN and others to levels that will allow broker houses to start soliciting orders for this industry. There's when you see the real drive begins. Broker houses and fund managers have yet to get past the moral hazard of advocating purchase in the MJ sector as they haven't yet reached the conclusion that MJ is now a majority culturally accepted industry. That's starting to change in a very positive way. As the stock rises above $4.25 and trends above $5 it will gain the ability to be solicited by most broker houses thus growing the pool of investors that will increase the money flow with greater transactional volume.
Yes, some companies have diluted shares as a source for working capital. Welcome to Wall Street. Some more than others, but not CANN. The float on CANN has steadily shrunk as some institutions have now started to seriously pick up on CANN and a few others. With Boockvar on the board, I think you would agree his WS reputation alone will bring positive light to CANN and provide considerable attention to CANN's unique and versatile platform in the weeks to come.
Recent CANN News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 08:30:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:00:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:00:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 01:30:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/14/2023 09:30:23 PM
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