Morning Ty,
Yes, with strong news, we could quickly break .02 from current levels and knock out the only resistance around .026 and head straight to 4 cents!
Here's the way I see it: If Friedman's F/S back in May 2010 was able to kick the company's pps to a literal 10 bagger bringing the stock from around 10-12 cents to 1.11 in intraday trading, who is to say that the current divvy (though clearly not as good as a 1:10 F/S) might not have a similar or (close to it) effect on the pps given that it is being conducted at a time when the MMJ sector is on fire and could go orbital with any number of pending sector developments that should be yielding news any moment (something that was non-existent back then)??
Further, when Friedman initiated the F/S back in '10, he didn't have a subsidiary generating 10 million in processing volume as he does now and an environment of legalization for recreational use of cannabis in two states!! I'd say that is something of an equalizer with the event in 2010 IMHO.
The best part of all is that given the environment in which he is working to restore the pps to previous highs, there is a much higher likelihood that the pps will be sustained....
Just my .02
GLTA today all! Let's hold those shares and break that .02 level for the magical run!!
Remember people to only play with the money your wife/husband/significant other/imaginary friend won't disembowel you for should you lose everything if your stock goes the way of the dodo!
JMHO!
AI
