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Wednesday, May 08, 2013 11:16:25 AM
Will be watching for news. Without news we'll see this pushed down a little each day.
I'm just looking for news: I'm going to reduce my investment by 50%, and buy back in when I see the trend reverse.
The company has made too many mistakes and I don't have confidence they won't eff up again.
The CBD market is not going to make this company into a $1B market cap anytime soon. We need full legalization to start bringing in licensing revenues from Dixie THC infused products.
Phytosphere is a zero sum game: we buy from them and then get profits from their sale to us? We need to liquidate those shares at current pricing... Its an illiquid stock because nobody is selling: start selling a little at a time and increase the liquidity and as the price climbs keep selling more and get out.
We have our contract for discount products, we have said we have no control over the company, so we're not insiders? So just sell all Cannavest shares. Take the cash, and appreciate the discount prices.
Without news this week, the price will continue on its 1¢ a day decline.
Ill buy back in when I see news, I'm not looking for a price point, so I'm not worried about the size of my position... I just want to see a confidence inspiring action by the company!
If they miss the May 15 release, we'll be limited again and the price will drop drastically, below .10 and causing a massive selloff due to missed OTC:QX uplist opportunity.
Ill be watching: I still believe in Dixie and Tripp, I still believe in the need its of CBD and the MMJ industry, I'm just not seeing the politics moving forward.
The politics are waning.
MMJ is moving forward, but the Fed is going hands off, which means no banking reform, no re-schedule, maintain interstate commerce restrictions, etc.
Ill be watching.
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