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Friday, March 20, 2020 12:59:54 PM
Why did the selling stop? Look at the SP when the selling stopped and then cross-reference financials and Form 4s to see insiders aren’t going to sell now (even though Lampert got 200,000 more shares at $0.00 on Jan 1st). The cross-referencing won’t get all the answers, but it’ll show that selling at the current SP wouldn’t be a good idea.
I don’t discount the possibility Gotham Green ate their Wheaties and simply sold at the right time, who knows. I will say they started selling when COVID-19 gripped China, so they could have simply timed things out well. Or they could have gotten information second or third-hand that is putting some US Senators in hot water right now. Can’t say for sure either way.
As for the price paid, that’s basic fundamentals. How much debt is this company taking on? The company regularly boasts about how much revenue the acquisition did, I simply want to know how much they paid for it. I don’t buy the argument about keeping things secret, acquisitions are a material event and should be fully disclosed. It’s not a all about the numbers, but also about being forthcoming and transparency. ESPECIALLY in the shady cannabis sector.
And think about this for moment....if these guys make such “great deals,” wouldn’t you want to brag about that? That’s music to the ears of investors. That would change my mind about things.
In their last 10-K, GRWG sales doubled but so did their loss compared to the previous year. If that path continues, the SP will continue to languish. I get the feeling that’s what the company is trying to avoid revealing.
If you’re up 100% on a trade how much do you sell to take profit? Greed is not the way to make money in the market as we are witnessing these days. Weird how the faucet turned off when we dipped?
Let’s just say you’re right? Why only a controlled portion around and above 5? Why did it stop?
As to your concern about price paid. This is a highly sought after space. Why would you want your company to publicly share the deals they make?
I’ve heard from several people in the know (albeit I don’t have verifiable proof) that these guys make great deals. That was Why I even knew about them in the first place.
Relax. Smoke something. If you are holding this well be back at 6 in no time. Best of luck.
Recent GRWG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 07:29:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 07:28:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 07:28:15 PM
- GrowGeneration to Participate in The Benzinga Cannabis Market Spotlight on June 17, 2024 • Business Wire • 06/13/2024 12:00:00 PM
- GrowGeneration’s Horticultural Rep Group Unveils B2B Portal for Hydroponic Retailers and Garden Centers Nationwide • Business Wire • 06/11/2024 12:00:00 PM
- KCSA Cannabis Virtual Investor Conference Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 06/06/2024 12:35:00 PM
- GrowGeneration to Participate in Oppenheimer's 24th Annual Consumer Growth and E-Commerce Virtual Conference • Business Wire • 06/06/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:06:37 PM
- KSCA Cannabis Virtual Investor Conference Agenda Announced for June 5th • GlobeNewswire Inc. • 05/31/2024 12:43:44 PM
- GrowGeneration to Present at the KCSA Cannabis Virtual Investor Conference June 5th • GlobeNewswire Inc. • 05/30/2024 12:35:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 09:13:47 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 09:12:49 PM
- GrowGeneration Reports First Quarter 2024 Financial Results • Business Wire • 05/08/2024 08:05:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 06:04:44 PM
- GrowGeneration Announces Change to Board of Directors • Business Wire • 04/25/2024 12:00:00 PM
- GrowGeneration Schedules First Quarter 2024 Earnings Release Conference Call for May 8, 2024 • Business Wire • 04/23/2024 12:00:00 PM
- GrowGeneration to Participate in The Benzinga Cannabis Capital Conference • Business Wire • 04/11/2024 08:05:00 PM
- GrowGeneration Announces Share Repurchase Program • Business Wire • 03/25/2024 12:00:00 PM
- CORRECTING and REPLACING GrowGeneration Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter and Full Year 2024 Guidance • Business Wire • 03/14/2024 04:41:00 AM
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