Replies to post #614 on Emblem Cannabis (EMC)

[growacet]

Your math is sound to my eyes....

I invested in EMC, just a toe dip....shortly after it went public, bought two lots, one for my open account and the other for my TFSA. The buy in my open account was first, and I paid $2.80...what a mistake. I forget what I paid in the TFSA account, but I bailed on it quickly when I had the chance to take a small profit. I never got that chance with my open buy at $2.80 so I just left it....it was a small position and I figured, meh...what the heck, I'll just forget about it and maybe Emblem will be a long term winner.

I would have forgotten about it almost entirely, but someone asked me in November if I owned any Weed stocks...this was the only one, and I said it was a total non-performer....I had been asked my opinion about some CSE listed stock and I said that there were probably 100s of P&D type weed plays out there, and that if you played it right it could be a decent trade...but I doubted it would be a long term winner.

That convo got me looking at EMC again and checking out the chart at the end of 2018 I figured a bottom was forming....so early this month I increased my position almost 10 fold....still not a large position for me, but more meaningful.

Thanks to that big average down I'm now green to the tune of about 10%....not much of a gain for a speculative play, but better than losing.

I'm also curious about the discrepency in valuations....those looking at EMC or ALEF right now....I think its a no-brainer if you assume the deal will go through.