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Tuesday, January 19, 2021 10:47:19 PM
The thing is that the can got kicked down the road a bit because the ex-CEO announced 12 takeover deals with no cash to make it happen. The ex-CEO thought he could do it all with stock and it would have made this stock a pure penny stock like less than $.10 a share. The ex-CEO was planning on the stock taking off like some of the others (Canopy, Aurora, etc.) so he wouldn't have to dilute it so much but that never materialized because the skyrocketing price runs of those companies were long over and everyone was skeptical of holding the bag.
Thank goodness we were so fortunate to get a Justin Dye involved to right the ship and make this happen. The Starbuds deals are going to get completed and then this stock moves right up to the elite status of cannabis companies.
In the older days(since I am an old timer), we bought on fundamentals and waited for the rise in stock price but now with chat boards, everyone who buys a stock posts their purchase on the chat board and immediately expects it to take off. Right now is a great opportunity to make some purchases if you want to add to your position if you are inclined to do so.
By the stock action today and the chart pattern, I say this could be $2.50 by a week from Friday.
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