Friday, January 20, 2017 11:18:16 AM
You wait for $5/share when the company buys them back, netting you some good cash.
Or
You tank the price of the stock right now, guaranteeing you don't get that cash.
I've mentioned before I have more experience on the PP side than I do on the trading side, AND I was one of the original investors that helped CANN go public in the first place.
There are plenty of people who will hold a warrant for that guaranteed payout, especially since CANN hasn't run quite yet. All those investors would guarantee they lose their money if they dillute now, when we've already touched $5 very recently.
If we want historical context here, GRNH saw its peak in 2014 before the convertible debt even became an issue. We indeed saw the price decline steadily to the lowest point later. It didn't happen all at once as Al Borch wants us to believe. Other stocks saw the same fate. Dillution dropped the price, but it was from the peak of pricing, not the middle of the road. There's still a lot of money on the table and the PP investors know that. Ruining CANN now would be the dumbest move they could make, and I'd bet good money that they realize that too.
Don't buy into the fear.
Recent CANN News
- 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
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2023 08:30:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 07:51:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 09:00:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2023 08:33:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/07/2023 08:30:37 PM
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