MariMed Inc (MRMD)

[Piedpiper4]

This is a funny board with fanatics and hopefuls. Despite some member’s belief that they “capiche” all, the serious matters of dilution, warrants and capitalization mean something. From a technical point, the failed double top led me to sell my position the day of my post about the filing, and I’m grateful for 3.00. It appears it could retreat to the 1.80 range.
Despite the cheerleading about how it will be 5 by August, there are those nettlesome facts about how financing actually occurred. The Slater Center is a fine facility that was recently given a breath of life by a pretty sleazy bill that eliminated competition as long as Slater and the other two centers would pay the equivalent of all other applicants’ fees.(Tammany Hall had nothing on RI politics) That will be good for one year: the deal was so obviously foul that it won’t sneak by again, and Slater will have the thirty competitors that were shut out this year. Finally, mr capiche should check out what sort of amounts of stock were granted to the Slater owners. Then do the math and he will be able to capiche why literally millions of shares being redeemed will be holding down the price for a very long time. I will consider back in at 1.80, but this run is over for some time.