Friday, April 26, 2019 1:47:39 AM
Is there a real Mark Cuban connection here, or just conjecture.
While I do keep an eye on this company on my watchlist, there are several red flags here, imo.
I didn’t like how they leave out specifics, like who is this accredited investor, who is the distributor in England specifically, and they also seem somewhat scattered with the blockchain element. However, I’d admit that the lifestyle fashion arm is a good fit for this specific company.
Also, I really don’t get how in the world they raised capital at 10x current PPS open market valuation, seems fishy imo. That investor could have almost certainly purchased all of those shares on the open market for a fraction of the price, albeit with buys spread out over a month or so.
Did they even state how much capital was raised in total from the 2 raises, is it 2M$ total?
Also, how exactly did they pull that off without it being considered as dilution, as claimed?
Not bashing the company, I’ve made money on this before, and wish all shareholders the best.
I’m heavily invested in the CBD beverage industry, and am looking for someone to refute this and convince me to buy HIPH.
No flames please, I think my points have some merit and I welcome all respectable discussion.
Everything I say is only my opinion, and should not be construed or relied upon as investment advice.
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