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Tuesday, May 16, 2017 10:56:36 AM
And I really don't think many people on this board have sold. I had one buddy sell and he clearly didn't do much research. He told me he wasn't going to keep his position because 3 cafes can't produce enough revenues for the S&L sub and that Canada doesn't legalize rec MJ until July 2018. This just clearly shows how much he didn't listen to me and how much DD he had done lol. Did he even read the easiest of DD which are all of the PRs?!?! S&L's board game distribution is one of their MAIN revenue streams where they just landed their largest deal with Indigo Chapters, the cafe locations are always packed full, serve food/drinks, and retail board games to customers, and even charge cover fees just to come in and play games. There's more revenue generators but I'm not going to go further than that for S&L right now... then for Grozone... only Canada he was thinking about?! LOL! All of the PRs have been related the UNITED STATES deals where medicinal is already legal in half of the US and about 7 states for recreational, our largest state of CALI becoming legal for rec use Jan 2018 - 6 months away. I still told him all of this and he sold right before the international exclusive distribution rights for Cards Against Humanity was announced last week. I told him good luck selling at the support level... The SP is a little lower from where he sold now, but IMO now isn't the time to flip any of your shares, I've picked up a few more shares on this dip, but don't have a ton of powder left. I thought .07 was support, but it looks like MM manipulation or maybe a big seller this morning? I wasn't on until a half hour after market open.
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