I talked to Frank today... I made several question to him... and one of those was if we could expect any news in the following days... He answered me that what we could really expect was the SS to january and didn't want to mention about any other PR. He seemed to be really upset about the dumping today... honestly speaking. He told me that was caught by surprise about the price drop today and one of the reasons that they had put on hold the aquisition was because they would have to give the dispensaries too many shares (1bi+) at the actual price level.
Resuming, I don't believe that we can expect a PR in the next following days. I still have hope that the price can bounce back. All the signs are that this stock has been heavily shorted and over that that I support my oppinion. You guys please read well "OPPINION"... LOL. I am not that much into keep posting about rumors, my oppinions and discussions. Thats why I kept this to myself until now after the close... this way whatever happened today.. already did...
Now... my actual "oppinion is... If you guys check the daily graph... we just got where the shorters wanted... around the 4s and 5s... I say that because this was the hardest level to pass throught before the run, andthe biggest accumulation created until now. Check the volume spike between november 12 and november 15, when the run started.
Second, today's volume was very high... and it colsed at these levels, indicating that there were a lot o possible covers.
Third, 0.0004 was a major resistance... check the 2 previous spikes, they reached and did not pass... NOW it can be considered a support.
FOurth, today the daily chart is STARTING to show a bottom... what means that in a normal process it need to stabilize and reverse... with new accumulation (that's graphically) ... the stochastic, RSI, accumulation seem to be getting close to a bottom...
In case there are real big short positions in this stock we can see this reversal in a fast pace (what the company said they believe there is)... faster than natural... but if not... we can take a few weeks to recover.
SO actually, my hope is not based on the PR... is based on the belief that this stock has been... for a short term, extremely shorted and this will drive the bounce back... and only after that, this stock and us will start to trail a different path... that depends on the management to lead... right now, volume, trading patterns, DEEP AND FAST dive (stronger than the average volume would allow) indicates short selling... And I think that on that we can still keep our hopes to recover...
THanks.
