Not if buying pressure starts coming in.
What everyone needs to understand is that this company will not sell, distribute, or harvest the weed that is groing on their property. They are simply using the land previously owned by Promap Inc (They drilled for oil and gas) which happens to be 99 acres. They will collect rent income from growers (legally). The new director has legitimatly hundreds of contacts in the Colorado marijuana market (again, the new corporate legal aspect of the weed business in that state) which will make it easy for him to find renters. Guaranteed Fritchel would not gamgle his reputation and wealth on the plausibility finding growers to rent out 99 acres of land on which income was already being produced from prior operations!
Promap acquired 94% of Advanced Cannabis Solution for 12,100,000 shares, but in the process 8,000,000 Promap shares were cancelled. Which means there are about 14,000,000 outstanding. That is a relatively low figure when compared to the amount of authorized shares.
I truely beleive we will see some big gains in the next few weeks, regardless of what FINRA says. This comapany is so far from being a penny scam weed stock! The scam companies continuously increase their authorized shares (without shareholder opinion because the companies usually own more than half the shares, so the decision to increase is theirs) and then they pay in shares for a promoter to send out emails, the buys start pouring in, the promo company sells its shares at the same time the scam company sells off a big chunk of its newly created shares! The stock prices drops by half in one day, the public investors got screwed and the scammers and promo team possibly made millions of dollars!!
Anyways, the FINRA letter might even boost interest for a clean, fully reporting company such as PMAP.
