What a joke. Article states “the North American company will offer its experience in the cultivation of cannabis on a large scale and will provide the necessary funds for the stages of production, manufacture and distribution.”
Oh yeah, PNTV is flush with cash aren’t they? They can’t (or won’t) pay for audits, can’t retain staff in their rinkie dink LV operation, can’t pay their phone bills, can’t produce any substantial revenues from the sale of any product - and we’re to believe they’re going to fund a large grow op overseas? Don’t be so obtuse.
Again, they have no revenues to speak of. But they do have massive toxic debt. Even if they were to proceed with what I believe is a bogus and weak attempt to pump up the share price (Jujuy), in order to secure funding, it would mean tons more debt and a lot more selling of shares. With way more sellers than buyers, a situation which will continue on for the foreseeable future, the share price has nowhere to go but down.
Very telling that with all the hopes and dreams they’ve hyped in the last six months or so, the share price is plumbing 2-year lows. The jig is up! No one, that is no one with any appreciable money to invest, believes their BS anymore. If you haven’t already moved on to another more attractive investment option you’d best do so now as this will continue to sink lower and lower, a slow bleed down to mild support at 0.025 before ultimately falling to what I consider as current fair value at one penny.
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