Home > Boards > Free Zone > User's Groups > $LEEK$CAPE’S 2021 HEMP, CBD & MARIJUANA MANIA GRAND SALAMI -- PART II

Thanks for posting that info

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sleekscape Member Level  Friday, 08/27/21 12:45:36 PM
Re: $PennyMover post# 29914
Post # of 29946 
Thanks for posting that info

CNABQ was a higher risk play from the get-go with their bankruptcy case being dismissed on 1/13/21 and the lack of non-current filings, which is why I said the following when I picked it at $.01 in February:

Quote:

It’s a very high reward play that carries risk due to the lack of clarity moving forward

So here’s what I know about CNABQ right now:

They filed for bankruptcy in April 2020

The bankruptcy case was dismissed on 1/13/21:

https://news.bloomberglaw.com/bankruptcy-law/united-cannabis-bankruptcy-dismissed-after-doj-argued-illegality



Quote:
As this is a unique situation with a higher risk/high reward profile, like I recommend for any stock, do not invest what you can’t afford to lose

And as always, do your own DD



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161625278


CNABQ did go on to have an excellent run in February before all the excitement in the cannabis sector died down, moving from $.01 to $.10 for a gain of 1000%

Based on the performance of the stock in the past, the ticker symbol itself would appear to have a tremendous amount of value moving forward, so it would make sense for them to file and get current

Then again, because of the excellent performance of the stock in the prior manias of 2014, 2016, 2018 and again in early 2021, it didn’t make any sense for them to let it get to this point, not when your stock is trading in a sector with periodic manias and the Senate is controlled by Democrats with several cannabis legalization bills in the hopper

So let’s see how they respond and we can take it from there


Sleek

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