Yeah well, wish for a miracle in one hand & poop in the other as they say. There is no valid excuse for such a precipitous drop in this PPS. The only reason why this PPS has dropped this low is simple:
This company & more specifically it's CEO are not delivering. That pr a while back mentioned rewarding shareholders too!!! Who is this fool kidding?? We have known about Citizen Toke forever & haven't seen any marketing for it. Dispensaries haven't even heard of it for gripes sake.
If this stock ever sees a penny again it'll be a miracle!!!
The sector is & has been down since Spicer made his comments. Many stocks have found lower bottoms though. This thing continues to bleed. Soon enough, there won't be anything left.
Tew is either a scam artist, incompetent, or both. He was a Bear Stearns exit strategist folks. Do you know what type of returns he worked for his clients back in the day??? 90% losses!!! Instead of people losing 99 or 100 percent of their $, he negotiated deals with JP Morgan to bail out investors with Bear Stearns in 2008-2010.
This is a joke of a company run by a joke of a CEO. I mean he's not even running a proper scam. At least you get some meaty pr's when a scammer CEO tries ballooning his/her stock.
Imho, this is easily the most depressing stock in the sector.
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