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Re: bar1080 post# 162318

Sunday, 11/17/2019 7:46:16 PM

Sunday, November 17, 2019 7:46:16 PM

Post# of 223894
I began participating on Investors Hub in the summer of 2016. This was on the cusp of what the penny stock gamblers called Green Rush 2.0. I started keeping a list of pot stocks on the streamer function Investors Hub provides its paying members. I learned of one in late September of that year, One world Cannabis (OWCP), an Israeli R&D company founded to develop novel drugs from the CBD compounds in the cannabis plant.

The stock was front loaded in late September of that year with an initial price of three tenths of a cent. By mid February, 2017, the price had advanced to a high of $3.23. That amounts to a change of something like 120,000 percent.

I could digress a bit more, of course, about the promises and predictions that never came to fruition. After reaching that $3.23, the subsequent decline has brought the price down to seven tenths of a cent.

The excitement generated from the legalization by a few states that year motivated some individuals to sink nearly $100,000 for shares of this non revenue generating company with near term prospects of developing any useful medical product. Ironically, they didn't sell any or all of their shares as they watched the price steadily erode.

And today, some still refuse to believe they made a bad investment in an OTC company run by scoundrels who have no intention of producing any product of meaningful medical value.


I am writing a book, American Cars of 1958. Check often for the latest addition. https://investorshub.advfn.com/American-Cars-of-1958-37252/

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