<<<<<<<On 11/18, CEO Scott and Hunt were on iCannabisRadio for 100 minutes. The stock was crushed afterwards! I don't think that it had much to do with the presentation, but it should serve as a warning to anyone who thinks that they can trade this. !>>>>>>>
Fair enough, but the stock was being crushed/plummeting since Nov 14 when they came out with the financials that disappointed many who were expecting better financials. On Nov 14 the stock was at 0.10 and started to drop immediately after the release and dropped down to 0.06’s on Nov 20 which by the way is where it was at on Oct 15 or a month prior to the financials being released. That was the time they came out with the $40M financing announcement. However the sentiment after the last interview changed many peoples mind about this company and the management. The financing cemented those sentiments.
More importantly, stocks in this sector typically begin to run about a month/3 weeks before quarterlies or right before any other significant announcements/events, i.e., Gupta, DOJ announcement. ( Look at the chart for PHOT from Oct 15 to Nov 14 when the report came out) Especially if they think the information is going to be positive.
Everyone believes a lot of good news will be coming out prior to and following legalization on Jan 1st for this sector and specifically for PHOT. The fact that we are only two weeks away from Jan 1 with a couple of holidays thrown in there makes me believe we will start to see it trend up. JMHO
If anything positive is said in the interview about the kiosk/GIFT program or anything else pertaining to PHOT it will just add to that sentiment. Not to mention it could be a feather in your cap. Again, IMO
So your warning is acknowledged, however, I don’t think the previous interview had anything to do with the plummet, quite the opposite.
I just believe there are a lot of other issues at play right now and anything of a positive nature could easily move the pps, especially this close to Jan 1. JMHO
GLTA
