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Re: lesgetrich post# 58057

Thursday, 10/17/2019 11:29:12 AM

Thursday, October 17, 2019 11:29:12 AM

Post# of 70650
TA's gagged so that number isn't up to date. They filed an 8K to announce the last AS increase and put the OS at 490M. More realistically with the average monthly volume at 71M and the lenders aggressively converting at over 30% of daily volume the OS has to be a little over 1B.

But it takes money to make money and toxic lenders offer the only option for these little penny stock CEO's. I live in the middle of the CBD hemp belt of Oregon and every farmer and his brother is either growing it or thinking seriously about it. That creates a huge demand for the equipment needed to process it. Like picks and shovels in a gold rush, those selling them made more money than the miners. Lots of money to be made here. Toxic dilution will be the price paid to get there.

But when you consider the number of shares dumped into the float of late the price has held up pretty good. Somebody's been willing to buy the dilution, can see the light at the end of the tunnel and the pot of gold at the end of the rainbow.

Emotion free objectivity. Keep the chart simple, stupid.