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Thursday, December 26, 2019 10:45:45 AM
Now if you want an insight into the future of GCAN, then I would recommend visiting the company that will buy them out in the new year to become a fully traded company which they have publicly stated they wanted to do.
That is all I can give as advise and IMHO, the shorts have created their own problem as there has been very few shares added to the float in comparison to how many shares have been traded. There are no more shares for them to cover. There is only 2 shareholders that own stock at this price level. Wayne has free shares and EMET has .0223 priced shares. EMET should be done and Wayne.............well hopefully we will see a Form 4 showing he has been the big seller over the last month. Remember over 6 million shares have traded in December alone!
Eventually the shorts have to cover to book any profits to their account. Remember a short trade needs 2 sides of the trade to profit. Right now we are seeing $30.00 trades to try to get someone to give up their shares.
I have spoken with 9 other shareholders and amongst us, we own almost 6 millions shares of this company and none of us are selling after the presentation for 2020 was found. It is in the IBOX. That presentation, confirmed to be real, should scare the hell out of anyone short this stock.
JMHO
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