Yeah, the SEC doesn't know this stock at all. Essentially all brokers are restricting the purchasing of this stock as it has the CE. Before the brokerages were restricting, this stock traded between $0.02 and $0.04 for a long time. Just remember that what you're seeing is the quote, not the latest exchanged pricing. So if someone is able to put a "buy" on for $0.00001 and there is no sell side, that would be the quoted price. So seeing it move on 60k shares is not surprising.
Once the CE is down, this thing will fly. Yes, it's a one stop shop for weed entrepreneurs, but it also has a lot of owned brands which operate in many states.
Jake has done a lot of work to get this ship righted. To see the AGHWA team only having a 24% equity position is BRUTAL since they're doing all the work. The real value lies with what AGHWA is bringing to the table. I'm sure there's a bunch of stuff behind the scenes going on that once the CE falls off the stock will explode.
For those not already in or positioned well will have to pay a nice premium to get ahold of the shares. I'll happily sell at that point... I'm thinking no less than $1.00 per share at the current share structure isn't unreasonable. That would value this company (based on outstanding share count) at $1.5B. Based on comps, that's not unreasonable, but they need to establish a long term strategy on how they win. What scares me is this company will rest on their laurels as "we were big in 2010 when weed was illegal in WA"... That's not going to fly moving forward.
And such, we wait.
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