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Monday, 02/01/2021 12:28:28 PM

Monday, February 01, 2021 12:28:28 PM

Post# of 611
Three weeks ago, this thing got pumped to more than $0.045. Most shareholders have already lost more than half their investment now.

For most of the last twelve months, the company’s stock traded at 2 TENTHS of one penny (a market cap of $30-40MM)… which was reasonable… and gave investors at least some potential upside.

At today’s price of just under one penny per share, CHUC is valued at $145 Million! Come on guys. I like the story and the management team at CHUC. A lot. But I know and you know that today’s CHUC stock price still makes ZERO sense. Even assuming (optimistically and hopefully) that FDA approval is granted (which is a BIG assumption), CHUC is worth way less than $100MM… which means less than ½ penny ($0.005) is where the stock should be trading! I am NOT short CHUC. I am NOT a basher. I am simply a student of the market who hates to see so many investors duped into buying a stock that is overvalued by more than 100%.
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