Replies to post #2138 on Americann Inc (ACAN)

[420Hope]

Exactly right. They needed to sweeten to pot so all the early investors would exercise their warrants instead of bailing on them. Not to mention, $5 million “might” get phase 1 done but, I doubt that too. 1 million SF is so far fetched, they might as well say it’s going to built by flying unicorns. Little old Bask isn’t going to generate enough revenue to fund the rest of the SF build out. I haven’t even seen where Bask has applied for recreational sales license. These guys have been milking investors for years already and still nothing. I would expect more of the same, nothing.

[Mr_Doctor]

Its absolutely horrifying to purchase these $ACAN shares through a broker on the secondary markets. Management is clearly super willing to sell millions of new shares directly to existing holders at massive discounts to the latest quoted "market" price. Wake up people! This company just issued new shares at an effective price of less than $2.00 each. Extreme dilution coupled with a unproven business model equals pure risk with very limited upside.

[All-In-Quinn]

The warrants on the $1 shares can't be exercised until 2021.