Just curious... IMHO 1 cent is overvalued for a stock that issued almost 3,000,000,000 shares. LOL this is the second mj stock I found that issued just about 3 BILLION shares. These guys dilute their own companies so much its just crazy dude...
They obviously dont care about the investors who are trying to look for long term marijuana investments since they keep making shares less valuable.
They just keep on DILUTING more and more... :(
Id feel like a BAGHOLDER If I was holding this LONG TERM :(
A reduction in the ownership percentage of a share of stock caused by the issuance of new stock. Dilution can also occur when holders of stock options (such as company employees) or holders of other optionable securities exercise their options. When the number of shares outstanding increases, each existing stockholder will own a smaller, or diluted, percentage of the company, making each share less valuable. Dilution also reduces the value of existing shares by reducing the stock's earnings per share.
Symbolically, the investor is left holding a bag full of worthless material, representing worthless stock. The bag holder, typically, will retain an investment even though there is convincing evidence that the value will continue to drop.
There are several reasons this might happen, such as neglecting an underperforming portfolio, an investor not wanting to admit a mistake, or just plain hope that the stock will recover. Setting limits on losses and having a good exit strategy are ways to avoid this situation.
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