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Alias Born | 03/08/2019 |
Monday, February 03, 2020 4:30:01 PM
The shares QWEST got for the merger went to private investors who backed QWEST as a private company. They aren't penny flippers looking for a quick buck. Start up investors are usually in it for the long haul payoff.
Low volume since the merger doesn't indicate new owners jumping ship. Just because they added merger shares doesn't mean the float has changed that much from the 98M it was before. If the new owners remain longs the share price should move up when the sector improves.
In the meantime I'm happy to buy at 52 week lows. To me the company has been making all the right moves to cut costs, increase cultivation capacity, utilize newly licensed extraction lab for QWEST concentrates, and continuing to build the QWEST ultra-premium brand all across Canada.
When I get down about the share price I read reddit reviews of QWEST products, and it makes me :)
QWEST RESERVE MAC 1. 22.69% THC 0.5%CBD PACKAGED ON 2019/12/03
https://www.reddit.com/r/RecPics/comments/etg8j4/qwest_reserve_mac_1_2269_thc_05cbd_packaged_on/
Posts are my opinion only, and not advice of any kind. glta
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