All stock that announce acquisitions trend down temporarily.
Acquisitions are a great PR pump when announced, but it takes on debt, dilution and reduction of cash on hand.
It’s when you show increased Sales numbers are what runs a Company stock price.
Building a Company can be ugly. And yes! Painful.
It’s why I have a few 60 day limit BIDs set starting at 1.20 and down.
I’d love a crack at sub dollar shares. This is going to Nasdaq and will be bought up by institutional investors, retirement and Pension funds.
I’m sadden Congress did not throw 4-20 a bone yesterday. Pot took a back seat to the race pimps.