I am definitely in agreement for a number of different reasons. First, NUGS is trading at a marketcap to revenue ratio that is off the charts. Secondly, the float represents less than 9% of the current outstanding and the rest of the outstanding shares I believe are restricted. Shares have been in free fall because IMO, at the end of the day, NUGS doesn’t have the revenue to support its current market cap. Hasn’t materialized. And with float below 9% of the outstanding and shares retracing fast from lack of meaningful revenue, I see a lot more selling pressure as more and more NUGS shares become unrestricted from lockup periods expiring. Without much visibility on revenue streams, and more and more shares becoming unrestricted, I see NUGS shares heading significantly lower from here. And with shares in free fall as of late, I’m sure there are plenty of folks sitting on restricted NUGS shares counting down the days until their restricted shares become unrestricted, lockup has expired, and they can bank.
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