I don't think many people believe LIHTF will go back down to .15. There is no reasonable reason for that to happen. LIHTF is sitting in the best position ever...with many catalysts to send it upward. I believe many people expect this stock to take off...relatively soon. With that said...it leaves no reason for selling...especially at these prices.
Big price swings attract day traders and MM's....but LIHTF has been stable. That could account for lack of participation on their part. There has been a lot of liquidity in the other cannabis stocks lately...mostly selling. LIHTF did not participate in the industry sell off...maybe because we are one of the few stocks that are not overvalued....or maybe because we are not on the radar as much as the bigger cannabis companies. Whatever the reason is...we dodged the correction, and are poised for takeoff. LIHTF shares have had plenty of opportunity to go down...during the name/symbol change...during the industry correction post 9/17/18...and yet you can't buy a .20 share anymore. That suggests...only one way to go from here...up.
News...IMHO is what we need to get our volume back up. Retail investors, day traders, and MM's are all waiting for answers to our future. There is so much news due here...I think we're all in a holding pattern.
Now is definitely a good time for patience. We have a new CEO that is articulate, knowledgeable, speaks well on his feet in business interviews...very experienced CEO sounding. I see him taking LIHT to its potential. We have a new board, a new name...Vegas open for business...and cash on hand.
I feel more comfortable sitting on a core position of 420,000 shares now than I ever did. Patience is my guide now. Let new management do their job with funding in place...and we will get there. Undervalued in a ripe market...be long...be deep.
GLTA
DONT GET TRASHED...GET LIHT
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