GB Sciences Inc (GBLX)

[Ctrxman]

This looks like panic selling to me. Whether it’s people who bought in very low, trying to salvage some profits or those who got in late in the run-up, trying to narrow losses, it seems to be somewhat irrational. I’m down a bunch and added more today.
The whole sector has turned cold since Justice confused the issue with itS recision of the memo. Since then it’s been a sharp downward trajectory. Does that mean the company has fundamentally changed? In my opinion, no. Does it mean I may be sitting on dead money for a while? Probably. Here is why I’ll hold.
The company preannounced October sales of nearly 500,000 and said November sales were tracking a similar pattern. They’re partnered with CursCannabis, a nearly billion dollar company, to supply products for vaping. Louisiana I’m not producing yet and they are next in line in Texas to become licensed there.
As far as SanFrancisco,it was a BD and L conference, so any deal that may come out of that may take s little time.
As to the extra shares, I feel it wouldn’t be wise to vote that proposal down. Without capital, until the company can become cash flow positive, then the entire company concept is just a pipe dream. It would be much easier if they could get a line of credit from a bank, but right now, that’s not possible.
I know the risks and the possible rewards and right now I’m willing to take my chances.