Boom Time!!
Absolutely, but it’s not without good reason. MIchael Tew was a Bear Stearns exit strategist who dispatched clients with 90% losses back during the recession. His expertise is what draws the ire of many of the folks trash talking MJTK. Originally, he pivoted to a quick “fix” effort to grab headlines by announcing a partnership/buyout of AFN financial network. It was of course, a ploy. Tew is responsible for over 1Billion shares of dilution from last year’s high of .0194 as well. His reemergence in recent weeks is not necessarily viewed as a positive for the company. However, Patrick Burke has been a fairly positive influence on Cannasys.
There are many red flags with Cannasys. The company still doesn’t distribute press releases to major trading platforms. Their office contact information pretty much leads to nowhere. Guerilla marketing mentioned a year ago has not even become evident. 95% of the dispensaries in Colorado have NOT even heard of Citizen Toke. Finally, the company keeps touting increased share holder value when there clearly hasn’t been any to date. The company executed a reverse split in 2016 which demolished many folks, diluted most of 2017, & actually seem to be content to admit that dilution will be the primary means of paying for operations moving forward. That being said, the concept remains fantastic. Citizen Toke could take off. It’s about time these guys actually come through for their shareholders for a change.
I guess we’ll see what tomorrow brings. Hopefully, this gets back to a penny again soon. I know a ton of folks looking to get out at break even or a little worse at this point.
GLTA
IMHO
- PinkyKing10
AI
