GB Sciences Inc (GBLX)

[Ctrxman]

Dazzy
I’m in at $1.49 when I first did my DD on the stock. Then at, 1.10, 72, 85,and .73. Today they got some news and it’s up a dime so far today. Any upward move will depend on what they release or someone releases about them. The momentum you saw at the beginning of the year is gone. That’s not to say it won’t be back when some macro news, banking law changes, rescheduling, etc move the entire sector. Then they’ll all go up again and GBLX will benefit also.
In the mean time, upcoming catalysts are the March meeting, an earnings report, for certain. There is also a possibility of a new partnership, a deal on financing or whatever. On earnings, last quarter they announced their first revenue from Nevada. They preannounced October sales of 1/2 million and said November was tracking similarly. So , revenue growth will be great. Margins, cash flow is anybody’s guess but you can’t have those without sales. Shot term. , if that’s measured in hours or days, it can’t offer a real opinion. If you want to go out weeks and months I think up to 2. In a few quarters with Nevada and Louisiana on line I could see 4 or 5. Could it get to 10? It would need a big deal in the Life Sciences area and they’d have to get compliant with NASDAQ.
As to going down to 0.40. It could go to 0. They have no money. At least not enough to do what they want. You have to decide whether you’re an investor or a trader in the stock