Was just looking through the info above and this makes me think.
"United has invested $1 million of working capital into Pristine, while another $3.5 million funding in the form of a convertible note was provided by a boutique hedge fund based in New York for the acquisition of manufacturing assets -- equipment, formulations and inventory"
This feels like a convertible note trading big time. If you are set to receive a certain dollar amount in stock per say quarter then you have incentive to push the stock down so you receive more shares if you assume the company is viable and not in any danger of closing due to low share price. I get you would be devaluing shares you had received prior but this is the only possible thing I can phathom (this would assume hedge fund knows it will eventually go back up). Just does not make sense given that trades do not get filled (buyers) and when someone does hit the ask... someone comes in with a lower ask. Its pure manipulation. T trades after always when the stock is being driven down. Man... I was going to invest more but not until this shit stops. We need to get off penny land and away from shady boutique hedge funds. Does anyone know the name of the hedge fund? This just makes me think management is incompetent if they go into this with eyes wide open and don't do research on the hedge fund they are getting this money from. They are either hedging or deliberitly shorts/selling this... all the while people who believe in the company keeping scooping up shares thinking this is the low. Ridiculous! Management... F'ing do something!!!
Was just looking through the info above and this makes me think.
"United has invested $1 million of working capital into Pristine, while another $3.5 million funding in the form of a convertible note was provided by a boutique hedge fund based in New York for the acquisition of manufacturing assets -- equipment, formulations and inventory"
This feels like a convertible note trading big time. If you are set to receive a certain dollar amount in stock per say quarter then you have incentive to push the stock down so you receive more shares if you assume the company is viable and not in any danger of closing due to low share price. I get you would be devaluing shares you had received prior but this is the only possible thing I can fathom. Just does not make sense given that trades do not get filled (buyers) and when someone does hit the ask... someone comes in with a lower ask. Its pure manipulation. T trades after always when the stock is being driven down. Man... I was going to invest more but not until this shit stops. We need to get off penny land and away from shady boutique hedge funds. Does anyone know the name of the hedge fund? This just makes me think management is incompetent if they go into this with eyes wide open and don't do research on the hedge fund they are getting this money from. They are either hedging or deliberately shorts/selling this... all the while people who believe in the company keeping scooping up shares thinking this is the low. Ridiculous! Management... F'ing do something!!!
News 
Market Data 
Discover 
