Panacea Life Sciences Holdings Inc (PLSH)

[NumberGuy]

I can't make that prediction, but what I am saying is that I believe the risk to be much higher at this time due to the situation in the overall market.

The DOW dropped nearly 3,000 points today, and all signs seem to point to recession. The market's collapse isn't due to some short term trend either, but a virus that will continue to wreck havoc for the foreseeable future.

There are already 10s of thousands of service people losing jobs and large companies cutting hours and shuttering doors. Consumer spending is dropping dramatically across the economy.

Ultimately, I don't believe that speculative sectors such as this are very well insulated against recessions.